In some ways, it is. According to its filmmakers, The Lion King was inspired by the Joseph and Moses stories in The Bible, in which most Christians believe actually happened. Also, the film bears heavy similiarities to The Epic of Sundiata Keita, which took place in 13rd century Africa. However, the filmmakers never admitted to being inspired by the story while producing the movie.
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No, unless you count stories from the Bible as true. Disney's The Lion King was based on William Shakerspeares's fictional play/book Hamlet, and on stroeis from the Bible, such as the story of Moses. These are revealed in the documentaries released on the 2003 DVD release and likely on the 1995 Laserdisc and 2011 Blu-Ray.
It is based on a true story.
it has always been called lion king
The book is based on a true story.
no it is not a true story or based off a true story
Yes, it is based on a true story...