Disney wins 33% of BamTech with $1bn investment

Aug 10, 2016 • Robert Lavine

Major League Baseball a spun out its BamTech video streaming unit with $1bn off funding from Disney, while National Hockey League has also picked up a stake.

Entertainment and media group The Walt Disney Company agreed yesterday to pay $1bn for a 33% stake in BamTech, an online video spinout of sporting organisation Major League Baseball (MLB).

BamTech’s technology powers online video streaming platforms and also provides features such as data analytics and commerce management. It has been spun out of MLB Advanced Media, Major League Baseball’s interactive media subsidiary.

The company’s clients, which include HBO Now, National Hockey League, Major League Baseball, PGA Tour and WWE…

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