The sky's the limit in a new trailer for "Pete's Dragon," a live-action reimagining of the 1977 Disney movie.

The trailer features more footage of the titular dragon, named Elliott, and the scenery, CGI work, and flying shots are breathtaking. The story revolves around a boy named Pete (Oakes Fegley), who is discovered living in the woods of the Pacific Northwest by forest ranger Grace (Bryce Dallas Howard). With the help of her father (Robert Redford) and a local little girl, Grace coaxes a big secret out of Pete: He's been living with a dragon named Elliott.
Of course, there are people who are terrified of Elliott and want to get rid of him, but for Pete, Elliott is his best friend in the world.

The movie is set in the '70s or '80s, and the emotional tone and sweeping visuals give "Pete's Dragon" a decidedly Spielberg-ian feeling, which is not a bad thing at all. We're prepared to have our heartstrings tugged.

"Pete's Dragon" opens in theaters August 12.

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