No. No it's not an incredibly poorly timed April Fools joke. Apparently Disney's mad dash to adapt anything and everything it can into a higher and higher volume of live action films now extends to even it's own live action catalogue and the studio is setting about work on a sequel to the Julie Andrews classic.
The new film will once again return to the home of the Banks family, only this time twenty years after the events of the original film. The team developing the film is the one behind recent musical Disney film, Into the Woods.
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