According to the site, it will be “the first time many of these classics will be streamed online.” A full TV episode will stream every week, and a full movie every month.
Films will include (among many others):
Ghost in the Shell – An absolute anime classic. If you like anime, and haven’t seen it, rent it now.
Castle of Cagliostro – A very early Hayao Miyazaki film, about the thief Lupin III, a character originally introduced in manga.
Read or Die – One of the best titles ever.