Now that the story of Snow White has been picked clean by three different movie projects, Hollywood’s got its sights on another fairy tale: Cinderella. Last year, Disney bought a pitch for a live-action retelling, to be directed by Mark Romanek from a script by Aline Brosh McKenna (The Devil Wears Prada).

Now we’re getting news about a competing project from Universal, one of the players in the great Snow White movie race of 2011. Ann Peacock (The Chronicles of Narnia: The Lion, the Witch and the Wardrobe) has been tapped to write a screenplay based on the classic story, with Bruno Aveillan set to helm. Read more after the jump.

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