Sir Elton "never thought" he would see a remake of The Lion King.
Speaking at the European premiere of The Lion King, held in London's Leicester Square, he said: "It's astonishing. I never thought it would ever happen but because 'The Jungle Book' was so wonderfully done and reinvented by Jon Favreau, this one has been done the same.
"It will give a new, more realistic view of 'The Lion King.' The other one was obviously an animation, this one is not. And it's just another notch up there for Disney and 'The Lion King.' I've seen the movie, it's fantastic."
For Elton, who was involved in the 1994 original animated flick, it is "wonderful" to see the story of The Lion King back in the cinema.
He added: "I'm very glad that I was involved in the first one, since 1993 I was first involved in it and it's been a part of my life ever since. I must have seen it about 40 times by now. It's wonderful to see it and wonderful to be involved in it."