Today, Disney unveiled its streaming service called Disney Plus.
The service will offer fans iconic entertainment brands such as Pixar, Marvel, Star Wars and National Geographic.
The Walt Disney Company has an intense cast of competitors including Netflix, Amazon, Apple, HBO Go and Showtime Anytime.
To make the leap, Disney ended a lucrative licensing relationship with Netflix worth $150 million by the end of September.
Netflix was the video streaming home for its latest films after their theatrical release, as well as many of its TV series and classic movies.
Now movies for this year will only be streamed only on Disney Plus like Captain Marvel, Avengers: Endgame, Toy Story 4 and live-action movies The Lion King, Aladdin and Star Wars Episode IX.
In its first year, Disney Plus will release more than 25 original series and 10 original films, documentaries and specials.
New shows already on tap include “The Mandalorian,” which is the first live action “Star Wars” series, a series about the Marvel character Loki, a rebooted “High School Musical” series and a new documentary series focused on Disney.
Last month, Disney completed its biggest deal yet with its $71 billion acquisition of Fox’s entertainment business. The first 30 seasons of “The Simpsons” will now stream exclusively on Disney Plus. The Fox deal also gave Disney a controlling stake in Hulu.
“We are confident that the combination of our unrivaled storytelling, beloved brands, iconic franchises, and cutting-edge technology will make Disney+ a standout in the marketplace,” said Chairman and CEO of The Walt Disney Company Bob Iger.
Disney Plus will roll out in the U.S. on November 12th at a price of $6.99 per month, or $69.99 per year.
Following its U.S debut, Disney+ will rapidly expand globally, with plans to be in nearly all major regions of the world within the next two years.