LOS ANGELES — Disney is breaking into the subscription streaming service world with the launch of an ESPN-branded "multi-sport” offering.
To help push out the service, Disney confirmed Tuesday it has purchased of 33 percent of Major League Baseball’s streaming technology business BAMTech for $1 billion. Reports of the investment first surfaced in June.
"Our investment in BAMTech gives us the technology infrastructure we need to quickly scale and monetize our streaming capabilities at ESPN and across our company," Disney CEO Bob Iger said in a statement. "We look forward to working closely with BAMTech as we explore new ways to deliver the unmatched content of The Walt Disney Company across a variety of platforms." Read more...
More about Sports, Espn, Disney, Streaming Services, and Online Video
