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7th July 2015
10:38am BST
Richard and Lily = love heart emoji
There's no detail on the cast as of yet, although we have hopes that this movie will also star Richard who won our hearts completely in Cinderella.
The script was written by Matt Fogel while David Hoberman, Todd Lieberman and Tripp Vinson are on board to take producing roles.
According to Entertainment Weekly, Matt described the new film as "a revisionist take centering on a handsome prince".
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