Disney was doing it as yet another remake in their long list of remakes, while Guillermo Del Toro made his more mature stop-motion one because it was a passion project of his that he's been wanting to make for a decade. I assume the third one was just trying to bite off some attention from the sudden influx of Pinocchio adaptations.
HeartfulKitty t1_j23cde7 wrote
Reply to comment by three9 in TIL the original 1881 "Pinocchio" was a dark story that included the puppet's execution by hanging for his bad behavior (which included murdering Jiminy Cricket) by foodtower
Disney was doing it as yet another remake in their long list of remakes, while Guillermo Del Toro made his more mature stop-motion one because it was a passion project of his that he's been wanting to make for a decade. I assume the third one was just trying to bite off some attention from the sudden influx of Pinocchio adaptations.