The Walt Disney Company to Acquire Majority Ownership of BAMTech

thewaltdisneycompany.com

Sad day: Walt Disney will be dropping their distribution agreement with Netflix in 2019. 
The Walt Disney Company announced today 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. (...) 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 services, data analytics, and commerce management—from MLBAM, the interactive media and Internet company of Major League Baseball. 

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