Watch: First Clip From Pete's Dragon Released

Disney has released (via Yahoo) the very first clip from their upcoming reboot of Pete's Dragon. In it, park ranger Grace (Howard) and her father (Robert Redford) have a conversation about the young boy (Oakes Fegley) she recently discovered living in the forest. Her father is shocked that the boy survived on his own for the past six years, but Grace informs him that boy is claiming he wasn't alone and produces a sketch the boy made of his companion: a dragon. The image immediately piques her father's interest, as it looks eerily similar to the drawing he made for Grace when she was a child.

A reimagining of Disney's cherished family film, "Pete's Dragon" is the adventure of an orphaned boy named Pete and his best friend Elliott, who just so happens to be a dragon. "Pete's Dragon" stars 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, which is directed by David Lowery ("Ain't Them Bodies Saints"), is written by Lowery & Toby Halbrooks based on a story by Seton I. Miller and S.S. Field and 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.

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.

Disney's "Pete's Dragon" opens in U.S. theaters on August 12, 2016.