A not insignificant part of human history is retelling the same stories. Stories like the Odyssey and the Iliad were oral traditions refined, refined, and refined, until taken down by a master. Every time Dracula and derivatives get made, something new gets added, changed, improved.
The problem with Disney's remakes is that they are trying to be the original story, reshot, but LESS Disney. The Little Mermaid is a prime example of something that should have been brighter, more colorful, more energetic, more beautiful, and IMPROVED, but instead they chose a least common denominator impersonation.
The concept of going back and retelling a prequel can work. It worked for Rogue One (despite production challenges), it worked for Wicked. What isn't working for the Disney Live Action movies is letting the machine output reduced facsimiles, instead of giving the projects to experimental storytellers, or master storytellers to do their thing.
Id love to see a remake of Bambi that amplified the music/animation connection, using modern technology to sync the movement of elements in the frame to parts of the musical composition, much like a visualizer. Breathing, fluttering, raindrops falling on the beats, quivering with the strings. Imagine a modern Little April Showers by Atticus Ross that looks like Spiderm-Man into the Spiderverse or Puss in Boots 3 or Wild Robot or Teenage Mutant Ninja Turtles: Mutant Mayhem. Bambi should be a music video like Fantasia. Instead Disney will try and tell a story about a Deer, and forget the rest of what made Bambi so revolutionary.
And yet, Disney still does make things like Soul, which really was innovative in its animation style by how restrained it was. It's simple complexity of its dream world was its strength. Animation can be done well without the hyper speed over indulgences I cited above as good examples.