This movie is based on the classic comic book series "Condorito". It features all of the main characters of this series originally published in Chile.
I grew up reading Condorito and it's character and humour proved to be complicated to translate to cinematographic language. Rarely do we see Condorito involved in large story lines as it's a character (and a universe) that works better when its self-contained to gags.
Nonetheless, it's an enjoyable, familiar comedy... at least for latinamericans. Maybe someone outside the specific demographic will struggle to get any of the jokes as they are, most probably, lost in translation. It's worth the ticket price and it's worth its run-time.