Based on the operetta by Victor Herbert and Glen MacDonough. From the director of Walk the Line and Ford v Ferrari. From the Academy Award nomination composer of Anastasia. From Ben Affleck producer of Argo and the writer of Good Will Hunting. From Matt Damon producer of Manchester by the Sea and writer of Good Will Hunting. From Tom Hanks producer of John Adams, Parkland, and Where the Wild Things Are. And from Johnny Depp executive producer of Dark Shadows and The Lone Ranger.
Eleven-year-old Lisa Piper takes care of her siblings and cooks for her family, and therefore she has no time for toys. An workaholic Henry Peter Mulligan (Leonardo DiCaprio) is busy for the toy store since he lost his wife and children in Christmas Day. During a blizzard on Christmas Eve, she and Henry are transported to Toyland. They arrived just before Mary Contrary (Dove Cameron) is wed to the unpleasant Barnaby Barnicle (Michael Shannon) although Mary loves Jack Nimble (Kenny Wormald). Lisa stops the wedding and, with her new friends, finds out that Barnaby plans to take over Toyland. Lisa, Mary, Jack, and Georgie Porgie (Adam Pally) go to the kindly Toymaster (Brad Pitt) for help, but he can only help them if Lisa really believes in toys. Henry met Widow Hubbard (Kristin Chenoweth) about Lisa and she doesn't take him seriously, as he wants to know for her that she can help him for the kids. Barnaby confronts them, finally showing his true colors, and steals a flask containing distilled evil that the Toymaster had been collecting, before leaving Lisa and company to be eaten by Troller, a vulture-like monster with a single enchanted eye that Barnaby uses to spy on his enemies. They escape by blinding Troller with paint and locking him in a chest, but are captured and imprisoned one by one in Barnaby's hidden fortress. Henry is going after Lisa, Jack, Georgie, and Mary at the Barnaby's house and he's caught by his henchmen, Zack and Mack, to imprisoned with the chair.
Barnaby reveals that he had been creating an army of trolls to take over Toyland, and then attempts to corrupt them into being his servants with the contents of the flask, stating he would replace Troller with Lisa. She, however, proves to be immune to the evil, and manages to reverse the effects on her friends. After escaping from Barnaby's stronghold, they return to the Toymaster. When Barnaby unleashes his army of trolls upon Toyland, Lisa's newfound belief animates an army of life-sized toy soldiers that the Toymaster had created, and they drive Barnaby into the Forest of the Night. Barnaby, having lost control of his creatures and trying to make Lisa his new Troller, is then banished from Toyland. Jack and Mary are then married. Lisa is taken back home by the Toymaster, revealed to be Santa Claus, in a sleigh with wooden reindeer, across the Milky Way until she wakes up at home as though it had all been a dream. Lisa's father (Matt Damon) and his brother, Preston (Tom Hanks), arrived home on Christmas Day with her for the reunion from War in Afghanistan.
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