Hakuna Matata!

Walt Disney Studios and director Jon Favreau are joining forces again to create another live-action movie based on another Disney classic.

“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.”

“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 studio said in the press release. “The upcoming Beauty and the Beast, starring Emma Watson as Belle, is already one of the most anticipated movies of 2017. Like Beauty and the Beast, The Lion King will include songs from the animated film.”

No release date has been announced for either film.