Why not come up with something new? You would think with all of the talent that Disney has available they could come up with something original.
Which is the main reason why these re-makes have been doing worse and worse over time.
Notice how those screaming it is racism keep ignoring that fact.
Mulan, it also cost over $200 million, and was a giant turd and made only $70 million. Cruella made back production budget in theaters, but still lost money because of the marketing budget. Others were created for theatrical release, but got shoveled onto streaming when it was realized how badly they stunk. Like Lady & The Tramp. Made for the theaters, it was realized that it largely stunk so they sent it to D+ instead.
And if somebody does not believe that, they are an idiot. First of all, who in the hell hires Tom Hanks to star in a "made for TV movie"? It was never supposed to be for D+, because it had a major star, and D+ did not yet exist when the movie was announced and Hanks cast. But the issues related to COVID and the underperforming of Dumbo had them move it to streaming instead of the theater. The exact same thing happened to "Peter Pan & Wendy".
And the new Lilo & Stitch remake? Made for theaters, but they have announced it is going to D+. Mufasa is going to theaters, as will Snow White. Both next year. And I bet both will underperform in the box office.
But here is the thing that so many are simply missing. Those live action remakes have had diminishing returns now since The Lion King. The earliest ones did great money, but the more of them they shoved out faster together, the less they made. Not unlike their rushing to convert everything to 3D a decade ago.
And the last remake to really make money was The Lion King in 2019. The budget for them has been growing exponentially, and the returns have been lowering.
TO give an idea, I remember taking my kids to see The Jungle Book in 1994. That cost $30 million, returned over $70 million. Not a blockbuster, but a decent return But then 22 years later the remade The Jungle Book again as a live action film, and it cost them over $175 million. It also made good money, and that is what really kicked off the endless remakes.
And they just kinda ignored that the second Alice in Wonderland reboot remake barely made back their production budget, and did not make back the marketing budget.
And in a few years, they are going to be running out of properties to remake. Will we be seeing a live action remake of Toy Story in a few more years? Or hey, we can go meta Mel Brooks here. In order to recoup the money lost on Mulan, they can make an animated version of the movie, based on the live action remake! Then in another 20 years after that they can try to make yet another live action remake of it.
Oh, and the guy that produced that turd called "Raya and the Last Dragon"? He is now involved in a live action remake of 1973's Robin Hood.
The sad thing is that the House of Mouse has not had a success with anything original since Moana. Oh, and that is being remade as live-action also. And I am sure we will be seeing live action Frozen announced any week now.