BREAKING: Disney World is proposing a phased reopening of its theme parks beginning first with Magic Kingdom and Disney's Animal Kingdom on July 11.

Epcot and Disney's Hollywood Studios would then open on July 15.

Disney World will also introduce a reservation system for its parks. Guests will need a reservation to enter the parks. Details will be shared later.

Also, employees and guests will be required to wear masks at Disney World's theme parks.

Disney World said it will significantly reduce capacity at the parks, on attractions, at restaurants and at retail stores. Disney will temporarily suspend fireworks, parades and other events that create crowds.