The Hollywood Reporter says the live-action film will be an adaptation of the original movie but will add a "unique family story that parallels Dumbo's story". The original script has been criticised for its inclusion of racist stereotypes. The leader of a group of crows in the film is named "Jim", a reference to the series of racial segregation laws known as the Jim Crow laws.
Disney has been successful at re-imagining its classic animated films. Maleficent, a live-action take on the 1959 Disney film Sleeping Beauty starring Angelina Jolie, has earned more than $630 million worldwide since it was released on 30 May. Also Tim Burton's Disney's Alice in Wonderland starring Johnny Depp grossed more than $1 billion dollars.
Disney also has several other projects in production, including Cinderella set to open next year, the Jungle Book, which is to be directed by Jon Favreau, and Beauty and the Beast, which is apparently being directed by Bill Condon.