William Bloom, is a young man who never really knew his now dying father, Edward - outside of the tall tales his dad told him about growing up. During Edward's last days William and his wife Josephine hold a bedside vigil next to the old man as he recollects elaborate memories of his yourth. Still doubting the legends and folklore, William makes a journey to meet a mysterious woman from whom Edward had bought property.

Circus owner Max Medici enlists former star Holt Farrier and his children to care for a newborn elephant whose oversized ears make him a laughingstock in an already struggling circus. But when they discover that Dumbo can fly, the circus makes an incredible comeback, attracting entrepreneur V.A. Vandevere, who recruits the Dumbo for his newest entertainment venture, Dreamland. Dumbo soars to new heights until Holt learns that beneath its shiny veneer,...