Peter Pan is a 2003 fantasy film released as a joint venture of Universal Studios, Columbia Pictures and Revolution Studios. P. J. Hogan directed a screenplay co-written with Michael Goldenberg which is based on the classic play and novel by J. M. Barrie. Jason Isaacs plays the roles of Captain Hook and George Darling, Olivia Williams plays Mrs. Darling, while Jeremy Sumpter plays Peter Pan, Rachel Hurd-Wood portrays Wendy Darling, and Ludivine Sagnier plays Tinker Bell. Noted actress Lynn Redgrave plays a supporting role as Aunt Millicent, a new character created for the film. Contrary to the traditional stage casting, it featured a boy in the title role.
In the early 20th Century, Peter Pan (Jeremy Sumpter) visits London and becomes enthralled by the stories that Wendy Darling (Rachel Hurd-Wood) tells to her brothers. Wendy asks to visit Never Land and Peter invites her to be the "mother" to his gang of Lost Boys (most of whom are English accented). Before leaving, she asks to bring her brothers John (Harry Newell) and Michael (Freddie Popplewell), and Peter teaches them all to fly with him.
Out of jealousy, Tinker Bell (Ludivine Sagnier) tricks the Lost Boys into shooting Wendy as she approaches the island, but Wendy survives and the boys ask her to be their mother and tell them stories. Meanwhile, the Indian princess Tiger Lily (Carsen Gray) captures John and Michael by accident, just before Captain Hook (Jason Isaacs) comes through the forest looking for the boys. Captain Hook captures Tiger Lily, John and Michael, and holds them as bait for Peter. All three of them are gagged and left hanging from a rock to drown as the tide rises. Wendy and Peter free them, with help from Tiger Lily and the timely arrival of the crocodile that ate Hook's hand. The Crocodile desperately tries to eat Hook by snapping his jaws around him, but he makes a narrow escape before the Crocodile can swallow him alive.
That night, Peter and Wendy share a romantic "fairy dance," while Hook spies on them, distressed that Peter has "found himself a Wendy." Peter reminds Wendy that they are just pretending to be a couple, and Wendy confronts Peter about his feelings about love. Peter becomes upset with her, and tells her to go home if she's not happy. Wendy, hurt, escapes to her little house. Peter returns to the Darling house, and seeing that Wendy's mother is still waiting for her children to come home, he attempts to shut the window to prevent her return to them. But, after a struggle, Wendy's parents manage to reopen the window, refusing to let it be closed.
Hook later finds Wendy and has her carried to his ship, the Jolly Roger. There, he entices her with a job telling stories to the crew, then sends a spy to follow her to the Lost Boys' underground lair. The next day, after Peter hears of a new pirate, Wendy admits she was asked to serve as a crewman, which brings her to realize that they have forgotten their parents and must return home. Later, the pirates kidnap the boys as they are escorting the Darlings home, binding and gagging them as they leave the tree. Wendy finds out, but is gagged before she can cry out. Since Hook is unable to reach Peter, he leaves poison for him to drink when he wakes up. Tink stops him, poisoning herself in the process; Peter reaches out to children sleeping around the world, the Darlings, and even the pirates to sustain her with their belief in fairies.
Peter and Tink save Wendy and the boys from walking the plank, and they all fight against the pirates. Hook gets sprinkled with Tink's fairy dust, and duels Peter in the air, weakening him with taunts about Wendy abandoning him and eventually forgetting about him when she grows up. Peter falls, unable to fight with those thoughts and gives in to inevitable death. But with a "thimble" (kiss) from Wendy, Peter recovers and re-engages Hook, who loses his confidence and his altitude above the water, and is swallowed by the crocodile, much to his enjoyment as he has finally eaten Hook and got the full taste of him. Wendy decides that she belongs back home, and returns to London with her brothers and the Lost Boys. Peter, now with more respect for Wendy, heads back home to Neverland.