Disney and Imagineering are teaming up to create a new studio, according to sources familiar with the matter.
The news was first reported by the Wall Street Journal.
The studio will focus on movies and television programming, and Disney CEO Bob Iger has been linked to Disney since at least 2015, according the report.
It’s unclear if the studio will work with Walt Disney Studios or Pixar Animation Studios.
Disney also confirmed the news during the first half of the year, saying that it is “in the midst of the process of creating a new Walt Disney Animation Studios.”
Disney Animation’s slate of animated projects includes the forthcoming live-action animated film, Alice in Wonderland.
Disney’s first new feature, the live-to-video live-animation series Inside Out, will debut in 2018.
Disney previously said it would release an animated movie every other year for the next decade.
Disney is also expected to launch the next Disney Channel show, the “Tangled” animated series, later this year.
In 2019, Disney will release a live-digital animated feature film, “Big Hero 6.”
Disney also announced that it will open its first-ever studio in Los Angeles.
“We’re in the process now of building a new Disney Animation Studio in L.A. to build on our already-existing team of talented talent and to build upon our growing animation team in the region,” Iger said in a statement.
Disney, founded in 1958, owns a broad portfolio of brands including ESPN, Marvel Comics, ESPN Films, Pixar Animation and ABC Studios.