Lowery has a full plate of agendas to balance here, only one of which is taking an animated classic from the Disney canon and translating it into live action, and the result is far more safe than it is satisfying. These are thoughtful advances to the ever-evolving Disney formula, admirable to a point and sure to be scrutinized in the lead-up to the studio’s massive “The Little Mermaid” reboot next month.

Sharing hero duties, Wendy gets to announce, “This magic belongs to no boy!” Even Captain Hook, once treated as irredeemable crocodile fodder, is revealed to be a misunderstood figure from Peter’s past who’s fallen out of touch with his happy thoughts. The beloved Tinker Bell character can now serve as a role model for a wider range of children. The vintage toon’s shameful Native American stereotypes have been corrected. In conception and casting both, the new movie presents a diverse and empowered ensemble. But the sensibility is very much of the moment, as director David Lowery (who did an admirable job of updating “Pete’s Dragon” for Disney) refreshes the 1953 classic according to contemporary priorities. Barrie’s play and the animated feature it inspired were. The studio’s latest remake is still set in Edwardian England, the way both J.M.

With “ Peter Pan and Wendy,” Disney sets out to bring the boy who refused to grow up into the 21st century - not literally, like those taxing live-action/cartoon hybrids, where computer-generated Smurfs get loose in Manhattan or Tom and Jerry wreak havoc in a high-end hotel.

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