Disney’s new Netflix rival will be called Disney+ and launch late 2019

Patrick T. Fallon | Bloomberg | Getty Images

Bob Iger, chairman and chief executive officer of The Walt Disney Co.

Disney’s new streaming service, Disney+, will stream to audiences starting in late 2019.

The company announced in August 2017 it would pull all its movies from Netflix in 2019, and start its own streaming offering for its past titles. Disney also purchased Fox for $71.3 billion in cash and stock, further bolstering its library.

The service will also feature new content, including original Marvel and Star Wars series. Marvel fan favorite character Loki, played by Tom Hiddleston, will get an original series on the Disney Plus service. A prequel series to Star Wars’ movie “Rogue One” around Cassian Andor, portrayed by Diego Luna, will also call the service home.

Other original content includes a rebooted version of The High School Musical franchise. It will also be a hub for animated content, including the next season of “Star Wars: The Clone Wars” and an new original animated series based on Pixar’s “Monsters Inc.” Exclusive movies include “Noel,” a Christmas movie about Santa’s daughter played by Anna Kendrick, and “Togo,” a movie about the 1925 Nome Serum Run starring William DaFoe.

Disney’s other streaming service, sports-centered ESPN+, reached 1 million paid subscribers in just five months.

The company reported its fourth-quarter earnings after the bell on Thursday. Shares went up as much as 2 percent after beating earnings and revenue estimates.

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