Beauty and the dreaded sea beast

When Beauty's father is swept overboard from their ship, The Rose, just as they are being attacked by a sorcerer-pirate and his crew of living skeletons, Beauty jumps in to save him, and is immediately scooped up by a surprisingly friendly Kraken; she offers to remain with him if he finds and saves her father, but as she explores the pirate's island she finds a treasure and a book of spells--which may hold the key to turning the Kraken back into a prince (or at least a human).