It was announced today by the Walt Disney Company that an investment has been done for a 33% stake with an investment amount of $1 billion. This is a leading company which is known for its video streaming and technology services. The Major league Baseball had formed the BAMTech originally, however now as a part of a transition it has separated from the Advanced media part of MLB which a broader part.
For Disney, the key partner now is BAMTech when it comes to the support and delivery of video streaming and the various other digital Disney products like ESPN, ABC Television Group, and Disney. It has also been noted that ESPN and BAMTech will work together in the future to launch the streaming video service which is a multi sport that is ESPN branded, As per the official announcement made, the upcoming streaming service of ESPN will be a direct consumer service and will feature content of both BAMTech and ESPN. Along with that, even international, national and regional events will be live streamed in the streaming service.
As of right now, it is still not clear if live games would be aired by ESPN and if the availability of these games will be on its streaming service or not. However what we do know is that various other ESPN content that is in house and other shows such as Sports center was referred. In the months ahead, we will get to know the various details as per Disney.
As it was learnt, that the ESPN streaming service announcement was one of the reasons why the much rumoured web TV package of Apple was not launched. The entire explanation was provided in a recent report wherein it was highlighted that the harsh terms of Apple and the negotiations which were said to be touch resulted in the subscription service being put to rest.