The Polar Express director had been connected to the project while Dick Cook was the chairman of Disney, but he has stepped down, claiming he wants to be more selective with the films he makes over the remainder of his career.
Zemeckis tells The Hollywood Reporter, "I'm not going to do Yellow Submarine... and I don't want to do any remakes. You're behind the eight ball from the get-go.
"And how many movies have I got left in me, really? I'm getting kind of old. So I don't think I should take those years out of my life and do a remake."