The drinks, called Mickey's Adventures, will be aimed at kids under the age of 12.
Disney has licensed the use of the Mickey Mouse character, Coca-Cola will distribute the range and both companies will contribute to marketing.
The product is thought to be what are known as 'coolers' in the US - a blend of fruit juice and milk or water, and fortified with vitamins.
A similar range launched in the US last year was branded Mickey's X-treme Coolers with flavours including Raspberry Rage and Citrus Chiller.
The venture follows Winnie-the-Pooh Roo Juice, the first UK collaboration between the two companies, introduced through Tesco in July. It is aimed at younger children and is being rolled out nationally.
Mickey's Adventures will be packaged in 'kid-friendly', single-serve pouches and multi-serve plastic bottles.
The Walt Disney Company, suffering from falling theme park attendances and difficult conditions in the US entertainment sector, is keen to generate additional revenue streams through alliances with similarly-minded global brands.
"We are choosy about who we partner with," said Matt Ryan, Disney's senior vice-president, corporate brand management.
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