Pete\'s Dragon
Oakes Fegley plays orphan boy Pete in the film Pete's Dragon Screen grab: Youtube/Disney Movie Trailers

New poster and teaser have been released for Pete's Dragon, a remake of Disney's 1977 movie of the same name. Scheduled to premiere in August 2016, the teaser reveals Peter's giant friend with whom he resides deep in the woods of the Pacific Northwest.

The family movie is set in the modern world with a dash of Disney's fantasy tales, where an orphan boy meets an old wood carver, who believes in the fantasy of dragons living deep inside the jungle, and his forest ranger daughter, who is realistic in her approach towards life. In the 16-second teaser, the 10-year-old boy played by Oakes Fegley introduces his green furry and giant friend Elliott to his friend Natalie, Mr Meacham and his daughter Grace.

The film is a blend of live action and CGI animation and is directed by David Lowery. As shown in the previous trailer, Pete has spent six years in the woods with his best friend Elliot but his identity remains a mystery. It remains to be seen how his new human friends react to the dragon they believed only existed in fantasy tales and also how they trace Pete's identity.

Here is the official synopsis of the movie:

For years, old wood carver Mr. Meacham (Robert Redford) has delighted local children with his tales of the fierce dragon that resides deep in the woods of the Pacific Northwest. To his daughter, Grace (Bryce Dallas Howard), who works as a forest ranger, these stories are little more than tall tales...until she meets Pete (Oakes Fegley). Pete is a mysterious 10-year-old with no family and no home who claims to live in the woods with a giant, green dragon named Elliott. And from Pete's descriptions, Elliott seems remarkably similar to the dragon from Mr. Meacham's stories. With the help of Natalie (Oona Laurence), an 11-year-old girl whose father Jack (Wes Bentley) owns the local lumber mill, Grace sets out to determine where Pete came from, where he belongs, and the truth about this dragon.

Pete's Dragon will premiere on 12 August in theaters across the US.