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Offering film and TV entertainment including its "Star Wars" and Marvel franchises as well as its ABC content and an extensive library acquired from 21st Century Fox, Disney+ hopes to be a major challenger to Netflix.
It will launch in Canada, Netherlands, and the US on November 12, and in Australia and New Zealand a week later, the company said, and is expected to expand to most major markets within the following two years.
The entertainment giant also announced deals for Disney+ to be available on Apple, Google, Microsoft, Roku and Sony internet-linked devices.
Chief executive Bob Iger said during a recent earnings call the company would take advantage of its control of Hulu to bundle an ad-supported version of the streaming television service with Disney+ and ESPN in the US for a monthly subscription price of $12.99.
Iger said Disney was "focused on leveraging Fox's vast library of great titles... for example reimagining 'Home Alone,' 'Night at the Museum,' 'Cheaper by the Dozen,' and 'Diary of a Wimpy Kid' for a new generation on Disney+."
Former Fox superhero movie franchises including "X-Men," "Fantastic 4" and "Deadpool" will now come under the Marvel umbrella, Iger said, adding that parent company Disney sees "great long-term value" in the titles.
The increasingly competitive TV streaming marketplace will soon feature HBO Max, Apple and NBCUniversal platforms as well as Netflix and Amazon Prime.
Disney+ will launch at a subscription price of $6.99 monthly in the US.