Yes there is a new adaption on its way, and the first poster has been unveiled!
The Jungle Book is based on the original story by Rudyard Kipling and inspired by Disney's 1967 animated adaptation and will follow similarly along the same lines.
Kaa: Ooh! Oh, now what? I'll be right down. Yes, yes, who is it? Shere Khan: It's me. Shere Khan. I'd like a word with you, if you don't mind. Kaa: Shere Khan, what a surprise. Shere Khan: Yes, isn't it. I just dropped by. Now forgive me if I've interrupted anything. Kaa: Oh no, no, nothing at all. Shere Khan: [brandishing his claws] I thought perhaps that you were entertaining someone up there in your coils. Kaa: Coils? Someone? Oh no, I was just curling up for my siesta. Shere Khan: But you were singing to someone. Who is it, Kaa? Kaa: Ah, um, oh no, I was just singing, uh, to myself. Shere Khan: Indeed. Kaa: Yes... yes, you see I have... trouble with my sinuses. Shere Khan: What a pity! Kaa: Oh, you have no idea. It's simply terrible. I can't eat, I can't sleep, so I ssssssing myself to sleep. You know, self-hypnosis. Let me show you how it works.