DreamWorks doing a remake feels like a betrayal given how they built their empire with Shrek, a movie that mocked Disney, and the fact that DreamWorks built their identity from being Disney's biggest rival makes it hurt even more
"On the one hand, gold. On the other hand, painful agonizing failure" is the quote that sums up DreamWorks movies, they've always been going back and forth, making an absolute masterpiece, and then making a trash movie. Ironically enough this quote comes from a DreamWorks movie, The Road to El Dorado.
Considering how DreamWorks was made to be Disney's biggest competitor/rival, then it's safe to say that they have become the very thing they swore to destroy.
All we can do is hope it flops hard, because of this is a hit, then DreamWorks would likely fall down the same path as Disney and make a whole bunch of soulless, pointless and unnecessary live action remakes that will NEVER surpass the original movies. I can't even imagine a live action Shrek, nor a live action Megamind. Let alone a live action Madagascar