Director David Lowery's live-action Peter Pan remake is now a Disney+ exclusive and has received a new title, along with some character breakdowns. The Mouse House has typically earned big box office returns on the live-action remakes of its animated films for the last decade, and has plans to release even more in the years ahead. However, some of them will be forgoing a theatrical release and debuting as exclusives on the Disney+ streaming service. The studio has already unveiled one such re-imagining in the form of Lady and the Tramp, which launched when the streamer went live last November.

Among the live-action remakes slated to premiere as Disney+ Originals are The Sword in the Stone and Lowery's Peter Pan, a fresh take on the J.M. Barrie classic that Disney famously adapted as a animated film in 1953. Lowery's been attached to direct the movie since 2016, but there haven't been too many updates to report since then. Now, it appears the project is being development as a Disney+ exclusive, with a shiny new title to boot.

The Illuminerdi reports Lowery's Peter Pan is now titled Peter Pan and Wendy and will shoot in Vancouver from April to August later this year, before heading straight to Disney+. Casting is currently underway for the film, with the lead roles described as follows.

Peter Pan - 10 to 14 years - The boy who will never grow up. An enchanted child that’s a confident and courageous warrior, with and without a sword. Lead Role.

Wendy - 12 to 14 years - A sly girl, full of good-natured energy, who is conflicted by her pending departure to boarding school. She is not quite ready to step into the adult world. Lead Role.

John Darling - 9 to 11 years - A budding child with an old soul. However, the mature youth is not above playfully fencing and rough-housing with his brother and sister. Lead Role.

Michael Darling - 6 to 9 years - A delightful child rarely seen without his closest friend, his teddy bear. Lead Role.

These breakdowns are more or less in line with the depictions of Peter, Wendy, John, and Michael featured in most versions of Peter Pan, Disney's animated film included. At the same time, its title change suggests Peter Pan and Wendy might be less of a paint by numbers reboot and more of a proper re-imagining than Disney live-action remakes past. That's not surprising, considering Lowery's 2016 Pete's Dragon remake was a far cry from the studio's original 1977 live-action/animated musical in pretty much every aspect. Pete's Dragon is also considered by many to be (far and away) the best Disney remake from the previous decade, which bodes well for Peter Pan and Wendy.

More than anything, the biggest obstacle for Lowery will be getting people excited to see yet another retelling of Peter Pan. Barrie's fairy tale has inspired everything from prequels (Joe Wright's Pan) to sequels (Steven Spielberg's Hook) over the decades, but the results have been decidedly mixed. It doesn't help the original story is full of elements (like its racist depiction of Neverland's Native Americans) that are hard to make palatable without just leaving them out. Lowery's Peter Pan and Wendy isn't the only upcoming re-imagining either, with Beasts of the Southern Wild director Behn Zeitlin's Peter Pan-inspired Wendy premiering at Sundance this month (before it hits theaters in February). Still, after his great work on Pete's Dragon, there's reason to think Lowery will find a clever angle to tackle the story from.

Peter Pan and Wendy does not have a release date at the moment.

Newcomer Ever Anderson will play Wendy while Alexander Molony will play Peter Pan in Disney’s live-action Peter Pan pic “Peter Pan & Wendy,” sources tell Variety.

“Pete’s Dragon” director David Lowery is on board to direct. Lowery co-wrote the script with Toby Halbrooks. Jim Whitaker is producing.

Disney’s 1953 animated classic is still the most successful adaptation of the J.M. Barrie novel about the boy who wouldn’t age and the children who he whisks away to the magical world of Neverland. Many other studios have made their own versions on the big and small screen, including Steven Spielberg’s “Hook” starring Robin Williams and Joe Wright’s “Pan,” both of which disappointed at the box office.

Though there were rumors of the film ending up on Disney Plus, like the “Lady and the Tramp” live-action adaptation, sources say the release is expected to be theatrical.

Disney is coming off a very strong year of live-action adaptations with “Aladdin” and “The Lion King” both grossing $1 billion at the global box office. Disney was so happy with its “Aladdin” live-action pic that it has already begun developing a sequel to the film. Its live-action adaptation “Mulan” is set to bow on Mar. 27.

Anderson is having herself a nice moment as she is also set to play the younger version of Scarlett Johansson in Marvel’s “Black Widow.” Her only credit up until now was in “Resident Evil: Final Chapter,” where she played a younger version of her real-life mother, Milla Jovovich. She is repped by CAA and Untitled Entertainment.

EXCLUSIVE: Disney continues to make strides in diversifying its classic characters and is doing it again as sources tell Deadline that Grown-ish star Yara Shahidi is set to play Tinker Bell in David Lowery’s Peter Pan and Wendy. This would mark the first time a person of color has filled the role that traditionally has featured a white actress and follows in the footsteps after Disney set Halle Bailey to play Ariel in The Little Mermaid.

Shahidi joins Jude Law, who will play Captain Hook, as well as Alexander Molony and Ever Anderson, who will play the title characters. Lowery is on board to direct the project and also co-wrote the script with Toby Halbrooks. Jim Whitaker is producing.

This year, return to Neverland. ✨ Watch the trailer for #PeterPanAndWendy and stream the movie event April 28 only on @DisneyPlus.

“Peter Pan & Wendy,” a live-action reimagining of the J.M. Barrie novel and the 1953 animated classic, will begin streaming April 28, 2023, exclusively on Disney+. Check out the teaser trailer and key art for the original movie directed by David Lowery (“The Green Knight,” “Pete’s Dragon”), and get ready to experience the timeless adventure featuring the beloved characters like never before.

“Peter Pan & Wendy” introduces Wendy Darling, a young girl afraid to leave her childhood home behind, who meets Peter Pan, a boy who refuses to grow up. Alongside her brothers and a tiny fairy, Tinker Bell, she travels with Peter to the magical world of Neverland. There, she encounters an evil pirate captain, Captain Hook, and embarks on a thrilling and dangerous adventure that will change her life forever. The film stars Jude Law (“Fantastic Beasts: The Secrets of Dumbledore”), Alexander Molony (“The Reluctant Landlord”), Ever Anderson (“Resident Evil: The Final Chapter”), Yara Shahidi (“Grown-ish”), Alyssa Wapanatâhk, Joshua Pickering (“A Discovery of Witches”), Jacobi Jupe, Molly Parker (“House of Cards”), Alan Tudyk (“Rogue One: A Star Wars Story”), and Jim Gaffigan (“The Jim Gaffigan Show”). “Peter Pan and Wendy” is directed by David Lowery from a screenplay by David Lowery & Toby Halbrooks (“The Green Knight”) based on the novel by J. M. Barrie and the animated film “Peter Pan.” The producer is Jim Whitaker (“Pete’s Dragon”), with Adam Borba (“A Wrinkle in Time”), Thomas M. Hammel (“Thor: Ragnarok”), and Toby Halbrooks serving as executive producers.