If every movie steals it's plot from one of 5 other stories, then The Lion King is definitely Hamlet. You can't go wrong with Hamlet. You just can't.
Disney kindly inserted a number of songs in PERFECT areas of the movie to make the movie lighter and less anxiety-inducing. However, Elton John sucks, and most of the songs aren't OMG-I'm-dying good. Oh, they're catchy and stuff, but they're no "Court of Miracles," or "One Song," or "Just Around the River Bend," or even "Under the Sea!" They're just kind of lame, especially "Be Prepared." I was however de-freaking-lighted that they didn't include "The Morning Report," which can be found on a few Lion King DVDs, and I think the Broadway musical.