The star and director of “Mary Poppins Returns” sit close together on a settee in a hotel suite high above Central Park, thick as thieves, and suddenly they’re not Emily Blunt, Golden Globe-winning actress, and Rob Marshall, Hollywood’s Oscar-nominated go-to musical man. 

It’s the “Em and Robbie” show.

There’s an exceedingly warm mutual admiration and a shorthand between the pair after two films together, a rapport that first sparked years ago over lunch for a project that didn’t pan out and blossomed when Blunt starred as the plucky baker’s wife in Marshall’s 2014 hit adaptation of Stephen Sondheim’s “Into the Woods.”

Marshall calls Blunt an old soul and “my favorite actress.” She vows to lure him and his partner, John DeLuca, out of Manhattan and “convert them to Brooky-Brooks” — meaning Brooklyn, where she lives with husband John Krasinski.

The two are creatively simpatico, they say, which is a big part of how they found the confidence to attempt something as wildly ambitious as reviving one of the most beloved characters in cinematic history. Also, Marshall adds, it helps that they both like martinis.

Still, Blunt admits, she was surprised and terrified when Marshall called her one day after the success of “Into the Woods” to propose teaming on a project he wanted to make with Disney.

“He said, ‘By far their most prized possession is Mary Poppins,’ and I remember my hair blowing back from thrill and vague panic,” Blunt said with a laugh. But she said yes immediately, and the massive undertaking began.

“Mary Poppins Returns,” a Disney song-and-dance extravaganza in the vein of the studio’s song-and-dance classics of yore, is a direct sequel to 1964’s “Mary Poppins.” The fantasy classic was based on P.L. Travers’ book series about a magical nanny who floats out of the clouds to bring order and joy to the young Banks children in 1910 London.

Directed by Robert Stevenson and featuring more than a dozen iconic earworms by the Sherman brothers, “Mary Poppins” was one of the year’s highest-grossing films and scored 13 Oscar nominations and won five (including lead actress, original song and original score). Breathing life into its titular heroine, Julie Andrews served up a practically perfect screen performance that defined the character to generations of fans.

Arriving in theaters Dec. 19, “Mary Poppins Returns” is aiming for a supercalifragilisticexpialidocious repeat.

“Musicals are complicated to create because you have to find the rhythm. You have to know when there’s a ballad, when there’s an uptempo, what you need when,” said Marshall, who made his feature directing debut with the 2002 Oscar-winning musical “Chicago,” for which he was nominated for the Academy Award. “Bad musicals are when you haven’t earned a song. But in a good musical, you’re unaware that they’re singing.”

“Mary Poppins Returns” was the most massive undertaking of his career, Marshall estimated, and that’s coming from a filmmaker who also directed a “Pirates of the Caribbean” sequel.

Making the world of “Mary Poppins” both familiar and fresh to 2018 audiences began with connecting its threads to the original. A screenplay by David Magee sets Poppins’ return to Cherry Tree Lane two decades after her last visit.

England is suffering under the gloom of the Great Depression, and a now-grown Michael Banks (Ben Whishaw) is a recent widower. Even with the help of his activist-unionizer sister, Jane (Emily Mortimer), he struggles to raise his three young children and keep bank lenders (including a villainous Colin Firth) from seizing the family home.

Bringing life and light once again in a time of darkness, Mary Poppins alights on a kite from the sky. And in Blunt’s rendition, she isn’t quite the same Poppins you might remember. Revisiting Travers’ expansive series of books proved crucial for Blunt, since as soon as she signed on to play the legendary role she vowed not to watch the original film again.

“I didn’t want any natural instinct I might have to be diluted by the brilliance of what (Andrews) did,” she said.

The Mary Poppins of the books, she found, presented new and different qualities than those seen in the 1964 film. “There’s an eccentricity and a battiness to her. She’s incredibly vain and rude and funny,” Blunt said with a grin, “and weird, actually. Like this strange, rare bird. But I read the books quite fully, and it became clear to me where I wanted to go with her.”

The moment when Marshall knew Blunt had her character down pat came on the first day of rehearsal.

“You walked in, and you were the character,” he said, beaming at Blunt. “It was the beginning of rehearsals, and we had months to go, and she had already carved her own space from her own imagination and her own sensibility.”

The two had discussed infusing their Mary Poppins with tonal influences of the era in which “Mary Poppins Returns” takes place — specifically, the snappy, sassy clip of Rosalind Russell in “His Girl Friday.” “I wanted her to come in like a tornado,” said Blunt.

But it wasn’t just Mary Poppins’ uniquely oblique persona that the actress had to find; carrying a bombastic Hollywood throwback musical, she embraced her inner Broadway hoofer … and vocalist.

“I still love singing in the shower or the car, love it — karaoke, if I’m drunk enough — but I have always, ever since I was a child, found it very nerve-wracking to sing in front of people,” said Blunt, whose karaoke skills have indeed been documented on the internet. “But I think I am one of those people who, when I am nervous about something, I almost have to go all the way, because it combats the fear.”

“She acts a song,” nodded Marshall, who tapped the perfect comrade-in-arms to join Blunt’s Poppins.

After the meteoric success of “Hamilton,” creator and star Lin-Manuel Miranda was the toast of Hollywood. He chose “Mary Poppins Returns,” taking on the role of Jack, a warm-hearted lamplighter with ties to Mary Poppins and her old cohort, Bert.

“He walks into every room with great hope, and there’s a natural exuberance and effervescence to him,” raves Blunt. Sporting a mouthy Cockney accent, Jack brings vigor to numbers like “Trip the Light,” a traditional staged number featuring a battalion of London lamplighters, and a vaudeville-styled duet with Blunt that proved one of the more challenging scenes to pull off.

In the film’s hand-drawn animated sequence (a nod to the 1964 film), Mary Poppins and Jack have led the three young Banks children — Annabel (Pixie Davies), John (Nathanael Saleh) and Georgie (Joel Dawson) — into a magical china bowl that, of course, is merely the doorway to yet another fantastical world of its own.

There, the pair put on the ritz for “The Cover’s Not the Book,” dancing with animated animals up and down a staircase of enormous books. It was the first scene Marshall shot, playing co-choreographer with DeLuca and occasionally grabbing a cane to show his stars how it’s done.

Blunt revealed it was the most terrifying moment she had on set. “It’s a green screen set of books, I’m in heels with a skirt, and I couldn’t see the stairs. Rob is the nicest that there is — but … he’s got the dancer’s mentality of, ‘You will do it until it’s absolutely spectacular.’

“I remember I was about to do another take coming down the stairs, and I went, ‘I’m terrified!’ and he said, ‘I know, honey, I can see it on your face — OK, action!’”

Blunt pulled it off without a hitch, of course. And the sequence, like every musical number in “Mary Poppins Returns,” brings with it a salve of sorts to younger audiences; every song a musical spoonful of sugar delivering coping mechanisms for life in an oft-chaotic contemporary world.

“What I love about Mary Poppins the most is she recognizes what people need and she gives it to them,” said Blunt, “but she gives it to them in a way that they can go on a voyage of self-discovery. She wants zero credit. There’s nothing manipulative about her generosity, because she makes it all about you — and then she leaves.”

Recognizing that such a film might be what audiences need now — particularly the younger viewers — was something Marshall believes got so many talented cast members on board, including Blunt’s “Devil Wears Prada” and “Into the Woods” co-star Meryl Streep.

“Meryl said yes within seconds,” he said. “She called the film ‘a gift to the world.’ I think … we were all aware of that.”

If you go

MARY POPPINS RETURNS

PG, 130 minutes

Starts Wednesday at Niantic, Mystic Luxury Cinemas, Waterford, Stonington, Westbrook, Lisbon