Disney, Warner Bros. and MGM are launching new auditional productions to help build up their online businesses in 2021, according to the studio and the studio’s film production partner, Agilent.
The new films will be part of the company’s “Faces of Creativity” initiative, which focuses on creating content that “creates an engaging and compelling experience for audiences,” said Disney chief creative officer Rob Moore in a statement.
The project will be “a unique way to bring our audiences together to share in our creative passions,” Moore said.
Disney, Warner Brothers and MGM will each spend $25 million to produce new animated films in 2021.
The first new animated film is expected to be released in 2018.
Disney and Warner Bros., which together own the studio, announced earlier this month that they will spend $100 million to create a digital content platform for the Walt Disney Animation Studios and Disney Studios Animation Studios.
Disney has also signed on to build its own virtual reality content company.MGM is also expanding its theatrical programming lineup.
Disney’s live-action film slate will be expanded to include more films, including The Jungle Book, The Lion King, Beauty and the Beast, Beauty & the Beast 2 and Pocahontas.
Disney will also build a digital studio in partnership with Warner Bros, with the first film to be made available on the platform being The Jungle Prince.
Disney also announced a new digital service for its animated content in 2018, called Disney’s Studio Digital, which will be a hub for content creation and distribution.
Disney Digital will feature a library of Disney-branded content including content for films and live-events.
The studio has been developing new platforms for its content as it works to grow its business and compete with traditional studios.
It has also launched a digital library of its films and other films, such as Cinderella and Beauty and The Beast, to help create a deeper connection with its fans.
Disney has a strong lineup of films in the pipeline, including “Star Wars: The Force Awakens,” which is expected in theaters in 2020.