During Disney Investor Day 2020, it was announced that Disney will make their next animated feature Raya and the Last Dragon on both Disney+ Premier Access (think Mulan) and in theaters on March 5, 2021.

#RayaandtheLastDragon will be available on Premier Access at the same time it is released in theaters on March 5, 2021. Live blog: https://t.co/VsCvCBhUfa

— LaughingPlace.com (@laughing_place) December 10, 2020

This shows Disney’s definitive shift away from traditional movie theaters and toward Disney+ (Direct to Consumer) for its tentpole releases going forward.

In other words, we may never see a theatrical “event” movie like Avengers: Endgame anytime soon.

Here is the official write up for the upcoming animated film via Disney…

Long ago, in the fantasy world of Kumandra, humans and dragons lived together in harmony. But when an evil force threatened the land, the dragons sacrificed themselves to save humanity.

Now, 500 years later, that same evil has returned and it’s up to a lone warrior, Raya, to track down the legendary last dragon to restore the fractured land and its divided people. However, along her journey, she’ll learn that it’ll take more than a dragon to save the world—it’s going to take trust and teamwork as well.

From directors Don Hall and Carlos López Estrada, co-directors Paul Briggs and John Ripa, producers Osnat Shurer and Peter Del Vecho, and featuring the voices of Kelly Marie Tran as Raya and Awkwafina as the last dragon Sisu, Walt Disney Animation Studios’ “Raya and the Last Dragon” opens in U.S. theaters on March 2021.

[Hat Tip: Laughing Place]