Deadline reports Grande and Legend will indeed perform "Beauty and the Beast" on the film's soundtrack and over the final credits. An official music video directed by Dave Meyers is also on the horizon before the film's release.
The song reunites producer Ron Fair and director of Disney's Music & Soundtrack Mitchell Leib, who also spoke with Deadline about the song.
“Ron was the first and only choice to make this particular record,” Leib said in a press statement. “No one is a better vocal producer and he also has a great understanding of the filmmaking dynamic.”The Beauty and the Beast soundtrack is set for release on March 10, 2017. Pre-orders are now available from Amazon, Barnes & Noble, and Disney Music Emporium.
“Stepping into the shoes of an Oscar and Grammy award-winning classic is not small potatoes,” said Fair. “But with today’s two greatest plutonium singers – John Legend and Ariana Grande – we are bringing the song back with a new school-old school fresh treatment that shows the soulfulness and power of what a great melody and lyric can inspire.”
Celine Dion and Peabo Bryson originally recorded a pop version of "Beauty and the Beast" for the animated film's release back in 1991, which peaked at #9 on the Billboard Hot 100 chart. American Idol winner Jordan Sparks previously recorded a version of the song for Beauty and the Beast's Diamond Edition release in 2010.
Source: @beautyandthebeast, Deadline