My daughter read the Pegasus book so we thought we'd give this movie a try. It was laughably awful.
This movie was bad. My 6 and 8 year old thought the acting and effects were really poor.
Now, if you view this movie like some low budget homework project of a group of high school students and set your expectations really, really low, you might be sympathetic enough and not mind the cringe-worthiness of the whole experience.
The first cringy thing for me, the wings on the pegasus look like crap. The creators put zero effort into making believeable wings.