The lion king remake

My first reaction to this news was: NO NO NO!!
I can not describe to you all how much I love the lion king. I watched it every single day without fail until the age of 5 (roughly when I started school). I'm serious every day. Anytime there was an important family event or something big happened I was watching the lion king. Every. Single. Day.
The lion king is an absolutely amazing movie- the animation, the songs, the plot. Why would anyone in their right mind want to remake it?
The amount of Disney films that are being remade to real life or with better CGI is remarkable. Beauty and the beast is the next one which I am actually quite looking forward to since I loved the animated version too (not as much as the lion king) but I feel beauty and the beast can be remade. It makes average sense. The lion king? No it really doesn't. How are they going to make it? With CGI? Or with like real lions? It's just not going to work it would be like remaking aladdin without Robin Williams as the genie. Who would want to do that?
To say I am annoyed by this is an understatement. What do you all think about this? What do you think they will do with the lion king- a new plot, new songs or just better animation?
P.S. I will still go and watch it.