Circus impresario Max Medici (Danny DeVito) appoints the former circus star Holt Ferrier (Colin Farrell) and his children Millie and Joe as guardians of the newborn elephant, whose incredibly large ears immediately become the subject of constant jokes and ridicule of Holt's colleagues on the shop floor. Suddenly learning that Dumbo can fly, the owner of the circus decides to cash in on the unusual abilities of the elephant. The case involves an energetic entrepreneur VA Vandever (Michael Keaton), who decides to make the baby Dumbo the main star of his new grandiose entertainment enterprise "Fairyland". Performing with aerial gymnast Colette Marchand (Eva green), the audience's favorite Dumbo conquers new heights ‒ until Holt accidentally learns that under the brilliant facade of "Fairyland" hides many dark secrets and secrets.