The film follows the fun adventures of three ancient Egyptian mummies who live in an underground secret city, hidden in ancient Egypt. The trio includes a princess, a former charioteer, and his younger brother, along with their pet baby crocodile. Through a series of unfortunate events, the mummies end up in present-day London and embark on a wacky and hilarious journey in search of an old ring belonging to the Royal Family, which was stolen by the ambitious archaeologist Lord Carnaby.

The movie explores how Nike's basketball shoe division was struggling in 1984 due to low sales, and how the company's Marketing VP Rob Strasser and CEO Phil Knight tasked basketball talent scout Sonny Vaccaro to find a new spokesperson for their shoes. Although they considered third draft pick Michael Jordan off limits due to his preference for Adidas and Converse, Vaccaro convinced them that Jordan was a generational talent, and that Nike should pursue him and try to convince Jordan to sign with Nike.

Detective Danny Rourke's daughter, Minnie, goes missing, causing his marriage to fall apart. While investigating a bank heist, Rourke encounters a mysterious man named Lev Dellrayne who possesses the power to control minds. Rourke finds a clue related to his daughter during the heist, leading him to a fortune-teller named Diana Cruz. Both Rourke and Cruz are revealed to be powerful hypnotists trained by a secretive government division. Rourke discovers that Dellrayne, someone else in disguise, is searching for a powerful weapon known as "Domino" which was stolen from the division. Rourke and Cruz escape to Mexico, where they learn more about the weapon and the truth about their own abilities. As Rourke uncovers more about his daughter's past and the connection to the division, he becomes determined to find her. The plot takes several twists and turns as Rourke and Cruz evade capture, uncover hidden identities, and encounter allies and enemies along the way. They discover the true nature of their daughter. The story builds up to a climactic confrontation between Rourke's family and the division, where their lives and freedom are at stake.