Chiwetel Ejiofor (Scar), John Oliver (Zazu), Alfre Woodard (Sarabi), Billy Eichner (Timon), Keegan-Michael Key (Kamari), Eric Andre (Azizi), Florence Kasumba (Shenzi), JD McCrary (Young Simba) and Shahadi Wright Joseph (Young Nala), are also featured in the photo.
The Lion King, a remake of Disney's 1994 animated hit of the same name, is set to arrive in theaters on July 19.
Disney recently released a behind-the-scenes featurette on the film featuring Favreau discussing his star-studded voice cast.
"It's nice to have actors who are both the performers and the singers," Favreau said about Beyonce and Glover performing the film's musical numbers.
"They present something totally new and exciting," he continued in the clip. "These are real musicians bringing their creative voices to this."