The studio is teaming up with director Jon Favreau for the new take on the 1994 children’s film. It follows the success of Disney’s The Jungle Book remake, directed by Jon, which debuted in April and has made $965.8 million US dollars (£742.7 million) worldwide.
It is thought the reboot will be a live action version of the tale about young lion Simba.
Disney said: “We can officially confirm that The Walt Disney Studios and director Jon Favreau are putting a new reimagining of The Lion King on the fast track to production. The Lion King builds on Disney’s success of reimagining its classics for a contemporary audience with films like Maleficent, Cinderella, and The Jungle Book.”
The Lion King is one of the biggest animated films of all time with a lifetime global box office gross of $968.8 million (£745 million). It won Academy Awards for the original song Can You Feel The Love Tonight (which was composed by Sir Elton John, with lyrics from Tim Rice) and original score (Hans Zimmer), plus two Grammy Awards.
The movie will include songs from the animated version.
The question of who will take the lead roles and when the film will be released is still at large. We can’t wait to see how this one unfolds.
Also in the Disney live action line up is:
Pete’s Dragon (2016)
The Little Mermaid with Chloë Grace Moritz (2017)
Beauty and The Beast with Emma Watson (2017)
Mary Poppins with Emily Blunt (2018)
The Nutcracker with Keira Knightley (Date TBC)
Mulan and Dumbo are also in the works.
Let us know in the comments which you are most excited for!