The actor would play a resident of a logging community that tells stories of dragons. Redford is currently playing journalist Dan Rather in Mythology Entertainment’s “Truth,” based on the book “Truth and Duty: The Press, the President, and the Privilege of Power.”
The original “Pete’s Dragon” was released in 1977, and revolves around a boy’s relationship with a dragon named Elliot.
David Lowery (“Ain’t Them Bodies Saints”) is directing the new version, which will use CGI to bring the dragon to life. Jim Whitaker is producing the film that stars Oakes Fegley as Pete who is raised by the dragon. Oona Laurence co-stars.
Redford also is attached to star in Lowery’s adaptation of David Grann’s New Yorker article “The Old Man and the Gun.”
The Hollywood Reporter first reported the news.