The feature film adaptation of young adult book Artemis Fowl will now be released direct to Disney Plus mid-June amid the COVID-19 pandemic.
It had been set to open in cinemas later this month as a northern hemisphere summer blockbuster.
Artemis Fowl has been made by Thor director Kenneth Branagh and adapted from the Eoin Colfer novel of the same name.
It stars newcomer Ferdia Shaw in the title role alongside Colin Farrell, Judi Dench, Lara McDonnell, Josh Gad, Tamara Smart, Nonso Anozie, Josh McGuire, Nikesh Patel and Adrian Scarborough.
The film's official synopsis reads: "Descended from a long line of criminal masterminds, 12-year-old genius Artemis Fowl finds himself in a battle of strength and cunning against a powerful, hidden race of fairies who may be behind his father's disappearance."
Branagh calls the film "a true original" in a statement about its newly-announced direct-to-streaming release.
"In challenging times, a 12-year-old criminal mastermind is one heck of a travelling companion," he said.
"Smart, funny, and cool as mustard, he'll take you to new worlds, meet unforgettable characters, and mix magic with mayhem. His own family is everything to him, and (although he'd never admit it), he'd be as proud as I am that families around the world will now be able to enjoy his first amazing screen adventures together."
Artemis Fowl will be released via Disney Plus on June 12.