Disney will be entering the streaming service competition by launching Disney+ later this year. While we can expect to see all sorts of content under the studio’s umbrella, which consists of Disney, Lucasfilm, Marvel Studios, and Pixar, it wasn’t clear how much money was being put into it.

Now new reports say that the studio is spending somewhere north of $500 million on original television shows like The Mandalorian and films like Lady and the Tramp. More on this below.

Disney’s all new streaming platform hasn’t even launched yet and it is still making huge announcements. The service, which was tentatively titled Disney Play but will now go by Disney+, was formally announced by Disney CEO Bob Iger during a live audio webcast of Disney’s fiscal full year and fourth quarter 2018 financial results.

During the event he confirmed a second Star Wars series that will follow Cassian Andor, Diego Luna‘s character in Rogue One: A Star Wars Story, and a Loki series starring Tom Hiddleston. More on the report, below.