Walt Disney Studios

'Lion King' live action remake coming

Walt Disney Studios said Wednesday it is teaming up with director Jon Favreau for a live action version of the enormously popular animated film.

"We can officially confirm that The Walt Disney Studios and director Jon Favreau are putting a new re-imagining of The Lion King on the fast track to production," Disney said in a press release. "The project follows the technologically groundbreaking smash hit The Jungle Book, directed by Favreau, which debuted in April and has earned $965.8 million worldwide."