Disney has enlisted some high-profile talent to bring “Pete’s Dragon” to the big-screen. Joining in on the film are actors Bryce Dallas Howard, Robert Redford and Karl Urban, all of whom are set to star in the big summer remake.

The film is the story of an orphaned boy named Pete and his best friend Elliott, who just so happens to be a dragon. A remake by all means, Disney is calling the film, “A reimagining of Disney’s cherished family film”. You can checkout the lengthy teaser-trailer thanks to a surprise release from the studio earlier tonight.

Disney describes the story stating, “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).” the studio goes on to add, “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.”

David Lowery is directing the film, which is based on the story written by S.S. Field. Toby Halbrooks wrote the screenplay for the project, which is expected to release later this year.

The full cast-list reads Bryce Dallas Howard (“Jurassic World”), Oakes Fegley (“This is Where I Leave You”), Wes Bentley (“The Hunger Games”), Karl Urban (“Star Trek”), Oona Laurence (“Southpaw”) and Oscar winner Robert Redford (“Captain America: The Winter Soldier”).

The film was produced by Jim Whitaker, p.g.a. (“The Finest Hours,” “Friday Night Lights”), with Barrie M. Osborne (“The Lord of the Rings: The Fellowship of the Ring,” “The Great Gatsby”) serving as executive producer. The film is currently scheduled to release in theaters on August 12, 2016.