U.S. mass media and entertainment company Walt Disney intends to invest up to $500 million in programming for its upcoming streaming service, Disney Plus.

Disney is also expected to spend approximately $23.8 billion in total on the content of Disney Plus, which was announced in 2017.

The company has planned an investors presentation in April, as well as a preview of Disney Plus and it's coming content.

In the fiscal year 2018, the Walt Disney Company generated total revenue of $59.43 billion, up from $55.14 billion in 2017.