Disney to launch sports streaming network, invests $1bn
Disney invests $1 billion in BAM Tech streaming company, planning ESPN streaming service
By Sean Ridgeley on Aug 10, 2016 at 05:29 pm CDT - 0 mins, 39 secs reading time
Disney is buying one-third of revered streaming company BAM Tech -- which powers NHL.tv and MLB.tv -- at a cost of $1 billion.
The company's long-term plan with this move is to launch an ESPN-branded subscription-based streaming network (emphasis on branded, because it won't include current ESPN programming, but rather, separate, ESPN-type channels).
The network makes the most of any for Disney and it's already formed ESPN deals with cable and satellite companies, so understandably, it doesn't want to mess up a good thing. However, should the whole cordcutting thing really take off, Disney can easily shift its content.
Last updated: Sep 1, 2017 at 05:14 am CDT
NEWS SOURCE:recode.net
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