The rights to Lionel Bart's Oliver! are Sony's; not Disney. Sony, Working Title and Cameron Mackintosh are in very late-stage development of an Oliver's remake, with rumors of Adele and Eddie Redmayne being offered the parts of Nancy and Fagin. (I know, the latter is ridiculous.)
Anita Busch from deadline just made a lot of erroneous and unprofessional assumptions. What's in play here is Disney own version of Oliver - probably a modern-day adaptation, set in the US. The Hollywood Reporter story is a lot more accurate.
