Disney to launch sports streaming network, invests $1bn

Disney invests $1 billion in BAM Tech streaming company, planning ESPN streaming service.

Sean Ridgeley | Aug 10, 2016 at 5:29 pm CDT

Disney is buying one-third of revered streaming company BAM Tech -- which powers NHL.tv and MLB.tv -- at a cost of $1 billion.

Disney to launch sports streaming network, invests $1bn | TweakTown.com

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: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:recode.net

ABOUT THE AUTHOR - Sean Ridgeley

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.