LOS ANGELES:-  Walt Disney Studios is teaming up with director Jon Favreau for a live-action remake of “The Lion King,” one of the most successful animated movies in history, the company said Wednesday. The production will build on Disney’s lucrative success reimagining its classics for contemporary audiences in films such as “Maleficent,” “Cinderella” and “The Jungle Book.” “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 studio said.–AFP