The two entertainment companies announced that they have entered into a long-term agreement under which Warner Bros. International will be the theatrical distributor of all Disney and Touchstone pictures internationally. The agreement follows Warner's and Columbia Pictures' joint announcement of their agreement to dissolve their Warner-Columbia overseas distribution partnership. Under the new arrangement, Burbank-based Walt Disney Co. will exercise full control of all distribution and marketing decisions on their product, all of which will be distributed by Warner. Touchstone is a unit of Disney.