For those wondering if the world needed two versions of The Jungle Book so close together, stop asking stupid questions - of course the world didn't need it. The real question is whether Mowgli tells the story in a sufficiently different way that the audience won't be bored by it - and for my money (or Netflix subscription) the answer is yes.
Available on Netflix, Mowgli also received a limited cinema release with a 3D version of the film. Disney's retread of The Jungle Book put 3D to stunning use, and is one of the few films where it made a real difference. However, with Mowgli the effect is for the most part fine, but not required.
The film is a much darker take on the story, which is probably slightly more in keeping with the original Kipling tales than the singing, cartoon version.
The animal fights in the film bring to mind the saying of 'Nature, red in tooth and claw' - although in terms of violence probably no worse than watching a super-cut of all the animal kills from David Attenborough's documentaries. There is a moment late on in the film though that would probably be enough to traumatise thousands of childhoods.
There's also a dark mysticism within the film with the roles of Kaa and Hathi taking on a particularly mythic dimension rather than playing the comedy roles that the Disney cartoon foisted upon them.
There are niggles here and there with the film - it's not perfect, but it is a worthwhile addition to the adaptations of Kipling's stories. It's biggest problem will be with finding an audience - probably too adult for most children, but due to its source material, not so likely to be the first thing on the adults' viewing list either.
