The Hollywood Reporter has recently revealed that Disney is planning to go back to its vault and bring out one of their treasured classics, the adaptation of Rudyard Kipling’s The Jungle Book, and give it a live action treatment.
According to their source, the House of Mouse is still in the process of looking for a director to head up the project, and that it will be a different kind of project from the one attempted by Stephen Sommers, which failed to have as much impact as the animated version.
However, Disney might want to move fast because Warner Bros. is also developing their own version of the iconic tale, which will probably add to the two studios’ rivalries (which is well known due to their respective library of cartoon characters, as well as their ownership of Marvel and DC Comics). As to why this situation is allowed, it’s because Kipling’s story is already in the public domain and is no longer subject to exclusive copyrights and licensing, making movies based on it essentially a free for all.
Via: The Hollywood Reporter