New 'Pete's Dragon' trailer features song, spectacle

Pete has a new trailer and a new song.

Disney released another sneak peek for its 1977 remake Pete's Dragon over the holiday weekend, this time a TV spot featuring a song sung by Oakes Fegley, who plays Pete.

Previous trailers were released in February and mid-June.

Starring Robert Redford and Bryce Dallas Howard, the live action/CGI story of an orphan child and his best bud, Elliot the dragon, will hit theaters Aug. 12.