Disney and Live-Action

Recently the new live-action Aladdin movie made its way onto Disney+ as well as several other movies that came out in previous years, like Beauty and The Beast, Cinderella, and many more to come in 2020. Disney has been remaking a lot of their original animation movies and converting them into live-action. I personally prefer Disney's animation movies over their live-action because it reminds and takes me back to some childhood memories before the movies were re-created and changed. However, my main question is to why Disney is coming up with new content? Is it because of lack of ideas, or lack of instruction? But whatever it is, I'd like to know what is the reasoning behind all these remakes.  
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