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I think what we're all talking about is not a movie. It's a TV Series. This is what I was searching for. The title is "Dragon Flyz". At last I found what I'm looking for. Hope it helps you.

Dragon...

I also am thinking about that movie. The only thing I recall is that there is an "altar" in the sky where all the dragons meet and there is a green dragon flying. I have that on VHS Tape but...