CLASSICAL STORY STRUCTURE
The Lion King is a true masterpiece with a classical story arc structure.
In act I, young Simba and his friends are looking around in places they shouldn't. And then, Simba's father Mufasa comes to help. The moment where he dies is precisely the inciting incident. Nothing can ever be the same anymore.
In act II, we discover the life of Simba as an adult, living in the woods with his new friends, Timon and Pumbaa. They live the good life (hakuna matata) and don't care about much.
But Simba, thanks to his meeting with Nala, decides to confront his evil uncle.
In act III, we think that all is lost, but in an ultimate twist, Simba wins and all is well in the world.
This is clearly something that should have been taught to George Lucas when he wrote The Phantom Menace. But I digress.
An perfect classic. I give it 10 out of 10.