Plays conservative film (3,5)

I believe the answer is:

toy story

'film' is the definition.

'plays conservative' is the wordplay.
'plays' becomes 'toys' (I've seen this before).
'conservative' becomes 'tory' (informal term for a Conservative Party member).
'toys'+'tory'='TOY STORY'

(Another definition for toy story that I've seen is " made by D [Disney]".)

I've seen this clue in The Times.

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