It's actually surprising that it has taken Disney this long to think about adding The Little Mermaid to its giant list of live-action adaptations. Image: Little Mermaid, Disney
According to Deadline, Disney's just heard a "new take" on the idea, and is deciding whether it likes it enough to proceed. It has to be a really good version of this, honestly, since Universal is also already making a live-action version of the Hans Christian Andersen story, starring Chloe Grace Moretz. And brand new MVP studios is making A Little Mermaid (note the "a" instead of a "the") with Shirley MacLaine.
Even as a latecomer to the battle of the mermaids, there is every chance that Disney will crush all competition. It's already pretty much proved to have the better Jungle Book -- and it's going to be even harder to beat a good version of its already classic take on The Little Mermaid.