Everyone is looking for the sure thing. They are looking to hedge their bet. They think the way to do that is to go with a proven quantity, a remake of something you have already seen. That is their mindset.
I had the great good fortune to interview Peggy Lee. Her memories of working with Walt Disney and his team were warm and upbeat.
Movie theaters still exist in spite of all of the alternatives that are available, video and video-on-demand and DVD and streaming video and all of these things.
While it was occasionally done here or there, nobody else had a figurehead like Walt doing it. Jack Warner wasn't on TV. Walt was the boss, but he had a real public profile and he used it to his advantage. And he became a household face.
Beauty and the Beast became the first animated feature ever nominated for best picture.