A few years ago, it was announced that Jon Favreau was teaming up with Disney for MAGIC KINGDOM, a live-action, NIGHT AT THE MUSEUM-esque fantasy set at Disneyland wherein all of the company's famous characters come to life. There hasn't been a lot of movement on this project since 2012, but while attending SXSW 2014 with his new movie CHEF, Favreau told Collider's Steve Weintraub that it's still a possibility - though not until Favreau completes his live-action adaptation of THE JUNGLE BOOK.
Here's what Favs had to say:
I really want to do Magic Kingdom. Part of what’s complicated about it is you’re mixing all of the different lands and characters together but between The Avengers and The Lego Movie, there seems to be a way to do it that doesn’t confuse the audience. Hopefully I’ll get to make that movie with Disney soon. Right now Jungle Book is the thing and hopefully through that partnership it’ll lead to getting the other film done because I think Magic Kingdom is a great idea for a film.
It's certainly a brilliant promotional tool for Disney, and I imagine that they're looking long and hard at the success of THE LEGO MOVIE as they conemplate whether to move forward with this. I hope they do, if only becasue the Splash Mountain denizens will have to come to life, which means we'll get to see our favorite SONG OF THE SOUTH characters!