The elevator-drop attraction, based on the 1960s horror television show "The Twilight Zone," will be closed for good in January.
The new ride, officially named Guardians of the Galaxy-Mission: BREAKOUT!, will debut in summer 2017, Kevin Feige, President of Marvel Studios, said Saturday.
Disney guests will be launched into a "chaotic and hilarious" ride as they join live-action Marvel Rocket Raccoon in an attempt to break his fellow Guardians out of captivity. The attraction will be a free-fall ride with the latest visual and audio effects.
Reactions on social media about the transformation of the iconic tower were mixed.
YouTube sensation Jimmy Richardson tweeted "Leave Tower of Terror alone." A petition to preserve the ride was also gaining traction on the website Change.org, with thousands of supporters signing up.
LEAVE TOWER OF TERROR ALONE pic.twitter.com/5giHyZeOQe— Jimmy Richardson (@iamjrichardson) July 24, 2016
The new attraction will mark the first time Disney incorporates characters from its Marvel superhero universe at the theme park. The Walt Disney Company bought Marvel Entertainment Inc. in 2009 for $4 billion.
City News Service contributed to this report. Disney is the parent company of ABC7.