beauty and the beast tv shows

Both The CW and ABC have a "Beauty and The Beast" TV show in the works. There is a lot of this going on lately. ABC has "Once Upon A Time" and NBC has "Grimm" both based heavily on Fairy Tales. So it's no shock to me there are two more. Here's where I get a little shocked, CW is doing a more traditional version while ABC is basically remaking the 80's show starring Ro