The film will incorporate the 16 Beatles songs and recordings from the original motion picture, including "All Together Now," "All You Need Is Love," "Eleanor Rigby," "Lucy in the Sky with Diamonds" and "With A Little Help From My Friends."
The film is the result of a deal between Disney and Apple Corps Ltd., founded by The Beatles in 1968 to look after the group's affairs.
"This is truly an inspired collaboration, and a wonderful opportunity to revisit one of the most imaginative and memorable musical fantasies of all time," Dick Cook, chairman of The Walt Disney Studio said in making the announcement at the D23 Expo at the Anaheim Convention Center.
"To be working with the amazing folks at Apple Corps, and to have Bob helming the sub is truly as good as it gets. With all those incredible Beatles songs and imagery, the spectacular vision of Bob and his pioneering team at ImageMovers Digital, and a classic adventure full of wit and action, we're sure that moviegoers are going to have a great time on this latest trip to Pepperland."
Zemeckis said "making this new 3-D performance capture movie is a dream come true for me."
"With the latest advances in technology, we will be able to take moviegoers on a voyage unlike any other, and bring new excitement and dimension to Pepperland and the various sea worlds they encounter," said Zemeckis, who won an Oscar for directing "Forrest Gump" and whose directing credits also include the three "Back to the Future" films.
The original "Yellow Submarine," was set in Pepperland, an undersea paradise inhabited by music lovers who live in peace and harmony and protected by Sgt. Pepper's Lonely Hearts Club Band, until they are threatened by the music hating Blue Meanies.