Set to come out next summer, the film has huge names attached to it including Beyonce, Donald Glover, Chiwetel Ejiofor and Seth Rogan.
In the trailer we see the familiar opening moments of the story, where Rafiki presents a young Simba to the animals of the Pride Lands.
It was aired during NFL’s traditional Thanksgiving primetime game in the US.
Here’s a hit of nostalgia for you:
Fans of the original film were pleased to hear the trailer narrated by James Earl Jones, who plays king Mufasa in both the 1994 original and next year’s film.
The trailer racked up more than 10 million views in less than 24 hours.
It suggests the new film is following the original story – although with Simba looking so clear in the trailer, some people are worried about what that means for his dad…
It’s directed by Jon Favreau, who was behind the live-action remake of The Jungle Book.
Donald Glover will play Simba, Beyonce will play his love interest Nala and Chiwetel Ejiofor will play his uncle Scar.
“It is a director’s dream to assemble a talented team like this to bring this classic story to life,” Jon said.
But not everyone was pleased with the remake of The Jungle Book, and it looks like there are some people worried about Disney’s latest attempt at re-creating a classic for a new audience.
As well as The Jungle Book, Disney remade Beauty and the Beast (with Emma Watson), and Aladdin is set to be released next year.
Are people going to get bored of seeing their favourite stories told again and again?
Last year Newsbeat spoke to the cast of London’s Lion King musical about the new film.
And Janique Charles, who plays Nala in the West End, had some advice for Beyonce.
“Try not to outshine the rest of the cast”
Fan reaction to the new trailer has been largely positive, especially from young Americans who were watching during the football.
The film is set for release in July 2019.