No. The story of Peter and the Wolf is another. Peter is this boy who goes into the woods to kill a wolf with his grandfathers rifle, even though his father prohibited him from going into the forrest. There he meets a duck, a little bird and two other animals I forgot. Each character has a different instrument (the duck for example is the Oboe, the little bird the piccolo flute). In the end the grandfather and other huntsmen come to rescue little Peter from the wolf.
Hm, I read somewhere there was love interest for Red, maybe it’s Peter? Or maybe he’s the one killing all those people … He’s the wolf, would be a nice twist of events.