Press Release: MLBAM : The Walt Disney Company to Acquire Majority Ownership of BAMTech

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today announced that it has agreed to acquire majority ownership of BAMTech, LLC and will launch its ESPN-branded multi-sport video streaming service in early 2018, followed by a new Disney-branded direct-to-consumer streaming service in 2019. Under terms of the transaction, Disney will pay $1.58 billion to acquire an additional 42% stake in BAMTech-a global leader in direct-to-consumer streaming technology and marketing serv