For the last few years, the BBC has been airing modernized movie-length retellings of classic literature. First was Canterbury Tales in 2003 which hasn't been released stateside. That was followed by Shakespeare ReTold (US link and UK link) which also aired on BBC America.
Most recently, the series offered Fairy Tales in 2008 which included movie treatments of Cinderella, Rapunzel, The Three Billy Goats Gruff and The Emperor's New Clothes. For some reason, the DVD set for Fairy Tales  has never been released in the states, but it is available at over well over 50% (63% off at the time of this writing) from Amazon.co.uk right now. Actually, all three series are listed at deep discounts for a short time if any of the above interest you. Just follow the links provided.
I haven't seen these movies but have been eager to see them for well over a year since they were first announced. The DVDs from AmazonUK are Region 2 but if you have a region free player, they should play without a problem.
Here's a link to the original press releases about The Series, Rapunzel, Cinderella, and Billy Goat.