Thrilling First 'Beauty and the Beast' Trailer Drops With Emma Watson and Dan Stevens

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It's finally here.

After fan fervor for the live action reboot of Beauty and the Beast hit a fever pitch in May with a teaser playing heavily on nostalgia, the film's first official trailer dropped Monday morning on Good Morning America. The two-minute trailer shows much more of Emma Watson's portrayal of Belle, Dan Stevens bringing the Beast to life, and Luke Evans as the villainous Gaston.

The film boasts a star-studded cast including Kevin Kline as Maurice (Belle's father), Ewan McGregor as Lumiere, and Emma Thompson as Mrs. Potts, who are all featured in the new trailer.

WATCH: EXCLUSIVE -- Ewan McGregor Dishes on How Much Live Action to Expect in New 'Beauty and the Beast'

The teaser also shows a peek of Belle's famous costumes, including her blue apron dress in the beginning of the film, and of course, her dazzling yellow gown as she dances with Beast.

Beauty and the Beast
hits theaters on March 17.

WATCH: Emma Watson Gets Into Character as Belle in 'Beauty and the Beast' Sneak Peek

ET spoke to Josh Gad last month, who plays Le Fou -- Gaston's lackey -- in the film, when he gave us a tease on what to expect.

"Having seen it, I can tell you that [fans] are going to react appropriately awestruck and amazed," Gad said. "There's a scope to it and a pathos to it that, having seen it, I can tell you was unexpectedly very emotional. It's just going to blow everybody away."

Watch below: