It's been Disney's M.O. for decades...target a particular trend, then when they reach the maximum amount of profit from said trend, cut them loose and start glomming onto another one. They went hard with Disney Princess musicals...until the box office tailed off in the late 90s. Then it was "boy-centric" action/adventure clunkers like
Atlantis and
Treasure Planet (which bombed), and it took until the 2010s until the Disney Princess musicals were now officially old enough to be "nostalgic", so they brought them back. Now it's "remake all of our old movies, but with racial/gender swapping". With
Little Mermaid and
Snow White (er,
Snow Brown 
), they've now reached the end of the most famous movies in their backlog to remake, so what's left?
Bambi with a photorealistic CGI deer (and where it's the
father who dies)?
Fantasia w/Kidz Bop muzak? And yet they won't remake their "bad" movies with decent premises like
The Black Hole,
The Watcher In The Woods,
Something Wicked This Way Comes or
The Black Cauldron, because the originals have no nostalgia around them the studio can crassly latch onto. Of the recent Disney remakes, one of the best was
Pete's Dragon, because no Disney fan considers the 1977 movie any sort of sacred cow, and thus it was allowed to actually REMAKE the original in a way that never felt like they were shoving a socio-political agenda down the audience's throats. Naturally, it did mediocre business.
It's a desperate strategy, because when Disney's run out of sh!t to remake or acquire, what's the exit strategy? Are we supposed to squee with pleasure seeing the X-Men and Fantastic Four characters take their place in the MCU...after we've seen them done twice over by Fox over the last two decades?

Disney used to advertise their 90s films as being, "...in the great tradition of the DIsney classics!", but now they just give you the SAME Disney classics, only in soulless, visually ugly retreads that suck all of the joy and color and excitement out of the originals and give you nothing in return but different skin tones and chiding lectured about how sexist/racist/"problematic" the originals were. And these are the versions that today's kids are growing up on. It's criminal.