Ain't Them Bodies Saints director David Lowery (who has been on this new project for a year) has finally found the titular Pete for his Pete's Dragon remake.  Oona Lawrence (Boardwalk Empire, Fort Bliss) will now play the title role.  Lowery, who is now confirmed to direct after initially being attached as a writer, shared script duties on the picture with Tony Halbrooks. Considering how night-and-day different this material is from Ain't Them Bodies Saints, it will be interesting to see what Lowery comes up with.

The new Pete’s Dragon will not be a musical, but will borrow elements from the original, which centered on a young orphan who flees his abusive parents and befriends a dragon that often turns invisible.  This new version will also be live-action with a CGI dragon.  Watch the trailer after the jump.

Variety initially broke this casting news.  Oona Lawrence's new film Fort Bliss opens in limited release today.

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Pete's Dragon Oona Lawrence