Guillermo del Toro has dropped out as the director of Emma Watson's live-action Beauty and the Beast film project. According to Deadline he had other commitments to focus on, but he will still be a producer on the film that he wrote the script for. It's sad to see Del Toro go, but maybe he has bigger and better things to attend to. As long as Watson is still on board to star I'll be looking forward to it. This is what the director said about it in a previous interview,
"It's one of those landmarks, one of those holy grails, and I really hope to do it. We're just starting the process. It's a movie that you have to make in the next few years for Emma to be perfect for the part. I think she is the perfect character to do that movie."
Warner Bros. has already started the hunt for a new director. With Del Toro still involved with the production, I'm sure they'll hire someone solid to bring the story to life.