A New Age Telling - Beauty and the Beast

How would 'Beauty and the Beast' be, if the setting were to be the 21st century? Are fairy tales possible in the contemporary world too?

The sixth edition of the Indifiction workshop requires a contemporary retelling of 'Beauty and the Beast'.
The plot for this edition can be accessed here. Please read the plot before you read the entry.
My entry to this edition can be accessed here. Feel free to leave your comment here or at the Indifiction link!

Every edition’s winners define the succeeding plot and judge the next edition’s entries. The winners of the previous round Medha Kapoor, Prasanna Rao and Janaki Nagaraj would be judging this round. This plot has primarily been coined by them in conjunction. Conceptualized by two popular bloggers TF and C. Suresh, Indifiction is a workshop for writers interested in fiction.

Disclaimer: Considering that this is a retelling of Beauty and the Beast, I have kept the basic premise and the ending the same, even though it is a modernisation. It does not portray my views.
I would love to hear your views!