Walt Disney Studios Motion Pictures /Courtesy Everett Collection
Anthony Breznican
June 23, 2016 AT 10:35 PM EDT

Steven Spielberg has directed 29 feature films in his career, but he has never before made one with the kid-friendly powerhouse of Walt Disney.

He has produced films that Disney has released, and they’ve distributed some of his recent titles under the DreamWorks banner, but The BFG — his new adaptation of the 1982 Roald Dahl book — will be the first one he has directed that will be put out under the Walt Disney Studios fairy-tale castle logo. (It’s in theaters on July 1.)

In a new video clip, the Oscar-winning director talks about finally joining forces between his Amblin Entertainment company and the House of Mouse, including new footage from the fantasy film about a big, friendly giant and a little girl with “a lonely heart.”

Friday, check back at EW.com for a different video — a tour around the backlot that Spielberg considers his “ancestral home,” the place where he first learned about filmmaking by sneaking around and watching other sets at work. Hint: It’s currently home to a mechanical shark, a giant alien-caused plane crash, and one southwestern-style office complex with his Amblin E.T. logo emblazoned on the wall outside.

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