CEO Bob Chapek confirmed the news during an earnings call Thursday.
Earlier on Thursday, Dwayne Johnson announced his Disney film, Jungle Cruise, will be released on the big screen and on Disney+ Premier for an additional $30 on July 30.
Thursday’s announcement indicated that the company continues to value the financial benefits of an exclusive box office run, although Chapek told analysts the company will watch the movie theater recovery closely in deciding how to release films in 2022 and beyond.
“Beyond this year, we haven’t announced our strategy.