Which movie is this please help?

there was a movie i watched some years ago, i dont remember the title though, the plot of the movie is something like that there is a boy who has a magic ring, and he belongs to a normal family, one day while he was showing magic to a group of kids he asked his volunteer to go in the box so he can make him disappear he rotates the box 3 or 4 times, and the boy gets disappeared, the when he rotates the box again to bring the volunteer back the volunteer doesn't come back, in real what happens that the volunteer has been teleported some where else, so after some time this boy magician goes in the box and he also teleports somewhere else, now where he is teleported he comes to know that another magic ring exists, and the villain of the other magic ring is the villain. and yeah the when they have a duel both ring throws out different colour of beams. please help me by telling me the movies the name?