Here’s the official soundtrack of the movie which came out the same time the DVD collector did. Music is composed by Hans Zimmer (he’s also known for the music of the Prince of Egypt and Spirit).
The major part of those song are the most well known of all. If you’re a Lion king fan, it’s obviously recommended to have it!
I have to tell that I won’t put any MP3 files on the site for legality clearance. So don’t bother asking.

Here's the content of the CD: (click on the name of the songs to listen to 30 seconds extracts in Real Player format, although the names are not always accurate)

1. "He Lives In You" (Tina Turner) 4:44
2. "Circle of Life" (Elton John) 4:52
3. "Lea Lalalela" (The South African Choir) 6:03
4. "Upendi" (Cast & Ladysmith Black Mambazo) 2:55
5. "Busa" (Lebo M & The South African Choir) 4:04
6. "One of Us (Chorus) 2:40
7. "Love Will Find a Way" (Cast & Chorus) 2:59
8. "Can You Feel the Love Tonight" (Elton John) 4:01
9. "We Are One" (Ladysmith Black Mambazo) 3:45
10. "One by One" (Lebo M & The South African Choir) 3:12
11. "It's Time" (Lebo M & The South African Choir) 4:25
12. "Noyana" (Lebo M & The South African Choir) 5:13
13. "In Youpendi" (Wes & Ladysmith Black Mambazo) 3:23
14. "Be Prepared" (Original Cast) 3:40
15. "He Lives in You" (Lebo M) 3:07
16. "My Lullaby" (Cast & Chorus) 2:54
17. "Hakuna Matata" (Original Cast) 3:33
18. "I Just Can't Wait to be King" (Original Cast) 2:51
19. "The Lion Sleeps Tonight" (Lebo M) 3:34

Total length : 72.05 min

On the other hand, the music you should hear by now (at least if your speakers are switched on and you’re using Internet Explorer…) is “Can you feel the love tonight” in midi version.
Here are some musics of the film in midi that you can download :

Can You Feel The Love Tonight

I Just Can't Wait To Be King

Hakuna Matata

Circle Of Life

Be Prepared


(Use : Right Clic, Save as)