Disney's animated films including the classics such as "Snow White", "Cinderella", "Aladdin", "Beauty and the Beast", "Moana", and "The Little Mermaid" will all be available to stream when Disney+ launches.
Disney is gambling billions of dollar on the hope that it can catch up with Netflix, which has nearly 150 million global subscribers.
It'll be available in the United States on November 12, 2019 and it's expected to drop in Canada shortly after.
The company said the viewers would be able to watch its content on Disney+ after paying a subscription fee of United States dollars 6.99 per month.
Earlier this week excited fans finally received a date and a price for Disney's upcoming streaming service, Disney+ (November 12 and $6.99 a month, respectively), as well as a sneak peek at a few exclusive shows and movies such as the "Monsters Inc."-inspired series "Monsters at Work", new "Star Wars" shows such as "The Mandalorian", and all 30 seasons of "The Simpsons".More news: Chinese scientists create monkeys with human brain genes
Details about Disney+ were shared by executives at an annual investor day, where chief executive Bob Iger said the streaming service would combine the strengths of Disney and the assets acquired from Fox. "It is that simple".
In addition to originals, Disney+ will come with a deep library of existing movies and TV shows.
A new National Geographic series featuring Jeff Goldblum called "The World According to Jeff Goldblum" will be available at launch.
"We will be aggressive in our efforts, and we believe we will succeed", McCarthy said.
John Meyer, analyst at the investment firm Transpire Ventures, said Netflix still has the upper hand in the market.More news: Ocasio-Cortez Tells War Vet Congressman To Do Something About Domestic Terror
"Netflix now knows what people want more than anybody", he said.
One of the most exciting announcements made today is that within the first year, Disney+ will release more than 25 original series and 10 original movies, specials, and documentaries.
With Hollywood stars galore, Apple last month unveiled its streaming video plans along with news and game subscription offerings as part of an effort to shift its focus to digital content and services to break free of its reliance on iPhone sales.
The new service, which will launch in the fall, is being priced very aggressively. We estimate that these studios provide around 20% of Netflix's overall content measured by available hours, and closer to 40% of hours viewed on the service.
Also gearing up for streaming launches are: WarnerMedia, which owns studio Warner Bros (Lord of the Rings, The Lego Movie), HBO, and the rights to Netflix's biggest show, Friends; and Comcast's NBC Universal, owner of the U.S. version of The Office - another Netflix hit - as well as Jurassic World and Fast and Furious maker Universal.More news: Surveillance video shows violent encounter between police officer and high school student