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Disney Buys Out NHL’s Stake in Streaming Tech Platform for $350 Million

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thewrap.com
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here.Disney now owns 85% of Disney Streaming Services, with Major League Baseball owning the remaining 15 percent. Disney acquired a majority stake in the company back in 2017, when it was known as BAMTech.

MLB created the company in 2015 as a spinoff from MLB Advanced Media, the league’s multimedia division. Disney renamed it into Disney Streaming Services in 2018.MLB has the right to sell its remaining interest in the company, and Disney has the right to buy it, beginning in 2027.

According to Disney, the floor market value for MLB’s stake is $752 million.The NHL will be back on ESPN next season for the first time in 17 years, courtesy of a 7-year rights deal that will begin in October.

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