The service, called Disney Plus, will cost $US6.99 ($NZ10.40) per month. That is cheaper than rival Netflix, which charges $US13 per month for its most popular streaming plan, but the Disney service will have a narrower focus on family-friendly shows and movies.
Disney revealed details about the service at an investor event on Thursday (Friday NZ time) in Burbank, California.
The streaming service is expected to take on rivals Netflix, HBO Go and Showtime Anytime. Disney also owns a controlling stake in streaming service Hulu.