Paramount has released the third movie trailer for their fantasy The Spiderwick Chronicles which arrives in theatres on February 15.

The Mark Waters directed film stars David Strathairn, Freddie Highmore, Sarah Bolger, Mary-Louise Parker, Nick Nolte, Martin Short, Joan Plowright, Izabella Miko and Andrew McCarthy.

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When the three Grace children -- troubled Jared; his bookish twin, Simon; and their sister, Mallory, a fencing jock -- move to the ancient Spiderwick mansion, they are at first none-too-enchanted by the rundown Victorian ... until they discover a Brownie, an enchanted creature, living in the walls. They soon find a book -- Arthur Spiderwick's Field Guide to the Fantastical World Around You -- that will open their eyes to the invisible, odd, and sometimes dangerous world of dragons and boggarts, phookas and fairies, sprites and goblins that is all around them. When they cross paths with Mulgarath, an ogre, they realize quickly that he will stop at nothing to get his hands on the Field Guide. Based on the bestselling series of books by Tony DiTerlizzi and Holly Black.