Kimberly Peirce to direct 'Wicked Lovely'

Project is 'Boys Don't Cry' helmer's third feature-length pic

Universal is entering the world of faeries with "Wicked Lovely," a fantasy project Kimberly Peirce is attached to direct. Vince Vaughn's Wild West Picture Show Productions is producing.

"Lovely" is based on the best-selling Harper Collins novel by Melissa Marr. Marr has developed series of these fantasy novels, whose titles include "Ink Exchange" and "Fragile Eternity," with the fourth book, "Radiant Shadows," to be published in 2010.

The first book centers on a teenage girl who can see the hidden faery world but confronts danger when not only do the faeries discover her ability, but also when one king decides she must be his bride.

Caroline Thompson, whose credits include a slew of Tim Burton movies among them "Edward Scissorhands" and "Corpse Bride," is adapting the novel for the screen.

Vaughn, Valeri Vaughn and Peter Billingsley will produce via Wild West Picture Show.

Universal's vp of production Kristin Lowe and creative executive Kiska Higgs will oversee the project for the studio.

CAA-repped Peirce is best known for directing "Boys Don't Cry." The incredibly selective director's only movie since the 1999 Hilary Swank-starrer was 2008's war drama "Stop-Loss"

Thompson is repped by ICM. Marr is repped by CAA.