@JGoldman10,
It helps to pay attention what is being released, so that you know what is popular now (you have asked numerous times what today's kids like).
Plus, a film may come out with an idea that is similar to yours, which may force you to modify the idea or abandon it completely.
Example 1: Pixar cancelled their film Newt when they realized that it was too similar to the Blue Sky film Rio (last of a species finding a mate).
Example 2: it was reported that plans to adapt the DC/Vertigo comic Fables as a TV series were shelved due to the production of ABC's Once Upon a Time. Both series have similar premises: fairy tales living in the modern day, with Snow White as a main character.