BAMTech valued at $3.75 billion following Disney deal

TechCrunch | 8/8/2017 | Sarah Perez
k.collazi (Posted by) Level 3
Click For Photo: https://tctechcrunch2011.files.wordpress.com/2016/04/shutterstock_313425050.jpg?w=764&h=400&crop=1

BAMTech, the company that powers streaming for MLB, HBO, NHL, WWE, and now, Disney’s and ESPN’s upcoming streaming services, is valued at $3.75 billion following Disney’s new investment. This afternoon, Disney announced it would acquire an additional 42 percent stake in the streaming infrastructure provider for $1.58 billion.

The company last year had invested $1 billion in BAMTech, giving it a minority stake (33%).

Deal - Option - Disney - Majority - Stake

The earlier deal had included an option that would allow Disney to acquire a majority stake over several years, and it’s fairly telling that the company has chosen to exercise that option so soon.

Disney now owns 75 percent of the company that will power its shift into streaming.

Disney - Move - Acceleration - Timetable - Ownership

Even Disney admitted the move was “an acceleration of that timetable for controlling ownership” – a signal that consumer adoption of streaming services over traditional TV is moving at a much more rapid pace than perhaps expected.

BAMTech itself is a spin-out from MLBAM (MLB Advanced Media), MLB’s digital media business. MLBAM operates the official website at MLB.com and related properties, as well as the popular MLB At Bat mobile application, among other things. Video streaming, however, became such a big business that BAMTech was approved to become its own entity back in August 2015.

Business - Technology - Provider - Baseball

The business has long since grown beyond being a streaming technology provider for baseball.

The company has also been tasked with powering streaming for HBO NOW, the National Hockey League, the PGA Tour, the WE Network, and others.

Service - Today - Games - Events - Year

That new streaming service was also announced today, and will include approximately 10,000 live regional, national, and international games and events a year. It will feature events from Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis, and college sports. ESPN said individual packages will be available for purchase, too, including MLB.TV, NHL.TV and MLS Live.

The service will launch...
(Excerpt) Read more at: TechCrunch
9 other people are viewing this story
Wake Up To Breaking News!
A single death is a tragedy, a million deaths is a Government intervention.
Tagged:
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!

LongRoom Culture
Fire and Dominoes? These domino set ups by Kaplamino feature candles, sparklers and balloons to create an exciting array of...
WOW! Dynjandi Waterfall in Iceland is Amazing! Iceland is an amazing magical place!  This series of waterfalls is massive and...
Baby Elephant Rescued by Female Elephant While Surrounded by Lions Just Waiting For The Rescue To Fail! Another example of the...
Russian Mother Cat Adopts 8 Orphaned Hedgehog Babies! When these hedgehog babies lost their mother in a lawnmower accident, the...
Funny Hamster Running On Wheel With Friend Gets Caught And Hit With The Wheel On The Rear Until He Breaks Free!
Captain Jumped Into Frigid Waters To Rescue Crew Members Of The Capsized Fishing Boat The Grayling! When Captain Pruitt of the...
Dog Says Thank You To Owner! Can dogs really talk?  There are so many examples of dogs saying things that we understand, it is...
Storm The Golden Retriever Rescues A Baby Deer From Drowning! A true hero, Storm and his owner, Mark Freeley were walking along...
Time Lapse Of Orb Spider Spinning Web! Orb spiders are amazing web spinners and this one is captured creating its masterpiece...
Longboarding In The Alps With Metal Sliding Gloves! This amazing run down a steep road really shows how the gloves are used.
Knife Cutting Through Wood Like Butter! Wood carving takes very sharp tools!  This carver shows how he is holding the spoon in...
Man Jumps From Trampoline Into A Giant Inflated Bubble Ball! Complete with somersault, this man jumps from the trampoline to...
Dog Runs Along The Beach With Kite Boarder! It doesn't look like this kite boarder expected to have such close company on his...
Waterfall Unable to "Fall" Due To High Winds! Unusual video of a waterfall that is being blown by the wind so severely that it...
Little Cowboy Learning Calf Roping At Just The Right Age! When the calf breaks out of the chute, this little cowboy is ready.
Dog Shadows Every Move That His Owner Makes! This dog couldn't be happier than to make every move that his owner makes at the...
Fun Physics Tricks You Can Try At Home! These physics tricks are great experiments to try at home just for fun! Here's another...
Life Hacks That Will Help You Organize Your Clothes! This collection of tips and tricks in organizing your closet and drawers...
Cat Can Play Shell Game Flawlessly! This con game does not con this cat who can pick the right cup everytime!  The cat would be...
Mother Grizzly Carries Her 2 Cubs Across River On Her Back! This touching video shows a mother grizzly swimming across the...
Darwin's Bark Spider Has Real "Spidey" Power And Builds Bridge Over 80 Feet Long! This spider is able to extrude a strand of...
Dance Meets Light Show - Light Balance Dancers at America's Got Talent 2017! This dance routine is amazing. It is...
Mouse Doesn't Let Being Upside Down and Under His Running Wheel Stop Him From Getting a Good Run In! Something is not right in...
One Cat Finds That Another Cat is Using Him As A Chair! The look on this cat's face is as though he is saying "You can't be...
Kite Surfers Setting World Record! It took a lot of kite surfers to make this video and some very exacting  and exciting riding.