I don't usually like showing children film adaptations of children classics. Classic children books have second level which children absorb. Some will sit in child for years, and only 10 in 20 years later the child will understand the lesson it read. Films usually destroy this part.
Jungle Book is famous not because it is about talking animals - there are hundreds of stories about children and talking animals. It is a book about maturity, responsibility, and especially about colonialism.
I especially feel my sons should read how Mowgli gets on with animals in the original book. While his adopted wolf mother and Bagheera love Mowgli, other jungle animals do not. Animals in the original book are serious adult predators, and they want Mowgli to be responsible, cautious and mature like them. Mowgli at first rejects it, he is only a little child, naturally. He seeks friendship of crazied monkeys, and puts himself in grave danger because the monkeys kidnap him. Then Mowgli realizes his error, starts thinking and remembering what he has reluctantly learned, and requests help from Chil the kite. Then he calms venomous cobras when he is thrown into a pit in ruined house, and finally makes peace with Bagheera and Baloo, and also makes friends with the python Kaa who also comes to the rescue. This story shows that a child who uses forethought and sincere friendship can get respect and help from adults. Mowgli also learns the important lesson: he is weaker than animals, but is not worthless at all. To match, he has own skills which animals don't. He can resist Kaa's hypnotic gaze. Later Mowgli explores his skills and finds that he is not just average, but actually the most powerful one in the jungle. He does not match animals' strength or senses, but uses fire to defeat Shere Khan the tiger. There are really few books which show children how to get on with adults in adult terms. Disney film destroyed this with procession of stupid animals: jappa-pa-pa bear, dancing orangutan, comical elephants and stupid python. Like most children stories, the film just shows artificial, stupid versions of adults behaving like small children.
Reducing it all to action and talking animals feels like cheating the viewers. Children will see the movie, think "I know The Jungle Book" and not know they missed everything.