Disney Finds Its Pete For ‘Pete’s Dragon’ Remake (EXCLUSIVE)

Oona Laurence also set to star

Oakes Fegley and Oona Laurence are set to star in Disney’s remake of “Pete’s Dragon.”

David Lowery is set to direct from a script he wrote with Toby Halbrooks.

The story is a reinvention of the 1977 film that revolves around Pete and his best friend Elliot, who happens to be dragon. The first pic was a musical, but sources say this will be a straight narrative.

The pic will be live-action with CGI used to bring the dragon to life.

Jim Whitaker is producing.

SEE ALSO: ‘Star Wars’ Provides Disney with a ‘Huge Opportunity’

Laurence will be a newly created character named Natalie, another of Pete’s friends. She received a Tony for her work in Broadway’s “Matilda.”

This news only adds to the good month Fegley is having. He can currently be seen as young Eli Thompson on the final season of HBO’s “Boardwalk Empire” and also portrays the younger version of Jason Bateman’s character in Warner Bros. “This is Where I Leave You.”

He was also seen in the indie “Fort Bliss,” opposite Ron Livingston and Michelle Monaghan, which opened in April. He is repped by Ann Wright Representatives Agency, Wright Entertainment and Frankfurt Kurnit Klein & Selz.

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