Apparently this is happening.
Preview on the page for Calls Landing "I Just Can't Wait To Be King"
“A Whole New World” (Aladdin) – Man Overboard,
“I’ll Make a Man Out of You” (Mulan) – Transit,
“I Can Go The Distance” (Hercules) – A Loss for Words,
“Kiss De Girl” (Little Mermaid) – Crucial Dudes,
“I Just Can’t Wait to be King” (Lion King) – Calls Landing,
Unknown Nightmare Before Christmas song – La Dispute,
Unknown Aristocats song – Major League
I still doubt this is true but I think the replies will be a laugh...
EDIT: Reading through the guys tumblr, this isn't part of the "Punk Goes..." series but actually a completely different thing. With around 50 bands on it.