The Walt Disney Company announced that it is acquiring a 33-percent stake in BAMTech, a leading technology services and video streaming company previously formed by Major League Baseball (MLB). As part of the transaction, BAMTech was separated from MLB’s broader digital business (MLB Advanced Media).
BAMTech will become a streaming and technology services partner for Disney and ESPN and will collaborate with ESPN to launch a new ESPN-branded multi-sport subscription streaming service in the future. The direct-to-consumer service will feature content provided by both BAMTech and ESPN, and include live regional, national and international sporting events.
See the full announcement here.