Disney is making a live-action version of 'The Lion King'

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Disney is making a live-action version of 'The Lion King'

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NEW YORK - MARCH 6: Pedestrians walk beneath a sign for the musical 'The Lion King' March 6, 2003 in New York City. The 1994 animated Disney film, which grossed $968.8 million, has been successful as a musical for 19 years and will be made into a live-action movie, according to The Walt Disney Company. (Photo by Mario Tama/Getty Images)

Following in the footsteps of 2016's "The Jungle Book" and 2014's "Maleficent," Disney is preparing to make a live action version of its 1994 animated blockbuster, "The Lion King."

According to a news release from The Walt Disney Co., Jon Favreau, who directed Disney's live-action "The Jungle Book," this year, will take the helm on the film.

"'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 Walt Disney Company said in a news release Wednesday. "The upcoming 'Beauty and the Beast,' starring Emma Watson as Belle, is already one of the most anticipated movies of 2017."

Favreau hinted at his next project in a tweet on Wednesday.

There is no release date set for the reimagined "Lion King." Favreau and Disney are also working on a sequel to the live-action "Jungle Book."

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