Bloomberg News reported 20th Century Fox, Warner Bros and Universal Pictures are among the majors that have agreed to participate in the Movies Anywhere service. Movies Anywhere would allow consumers to buy movies and then access them on their devices through a digital locker.
The concept is similar to Ultraviolet, which combined a digital download with purchases of a physical DVD.
While a play to compensate for a decline in DVD revenues, the studios also have an eye on rival streaming services from Netflix and Amazon. In August Disney announced it would pull its content from Netflix ahead of the launch of Movies Anywhere in 2019.
Movies Anywhere would become the go-to home for Toy Story 4, the sequel to Frozen, and The Lion King from Disney live-action.
Disney will build its new platform using technology supplied by BAMTech, the video streaming platform founded by Major League Baseball, in which Disney owns a 75 per cent stake.
Bloomberg says Paramount Pictures is the only major not to sign for Movies Anywhere because of a disagreement over financial terms.