The Mouse House has been working hard on plans for its new streaming service Disney+, and now we finally know when we can expect it to debut. Disney announced the launch date and pricing information on Thursday.

Disney+ will debut on Nov. 12, as Deadline reports. Subscribers will have the option of paying $6.99 per month or signing up for a full year for $69.99. The latter price breaks down to slightly less than $5.83 per month. The service will be free of ads, per CNN.

The price is lower compared to the rates of competitor Netflix, which costs $8.99 per month for the basic plan. The cheapest Hulu plan is comparable at $5.99 per month. However, Disney has a majority stake in Hulu, and Kevin Mayer, chairman of the company's direct-to-consumer unit, said Thursday that it is "likely" to offer a bundle with Hulu and/or ESPN+.

The streamer's catalog will include a lot of old favorites such as "The Simpsons," and new shows are in the works, too. Projects as varied as a "Rogue One: A Star Wars Story" prequel series and a "Monsters, Inc." sequel series are reportedly in the works. Color us very intrigued.

[via: Deadline; CNN]