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, Dreamland is full of dark secrets.