The league owned 10 percent of Disney Streaming Services, and triggered a buyout option Aug. 3.
Services, the Disney subsidiary that manages the technology platforms that power the company’s streaming services, like Disney+ and ESPN+. Disney Streaming Services was previously known as BAMTech.had an option to trigger the buyout this year, and according to Disney’s quarterly report, the league exercised its option on Aug. 3. The deal is expected to close by the end of fiscal 2021.
MLB created the streaming technology company in 2015 as an offshoot of MLB Advanced Media, with Disney acquiring a majority stake in the company in 2017. MLB has the right to sell its remaining interest in the company, and Disney has the right to buy it, beginning in 2027. According to Disney, the floor market value for MLB’s BAMTech stake is $752 million.
Disney’s struck a 7-year rights deal with the NHL earlier this year, giving ESPN, ESPN+ and Hulu exclusive games, with some Stanley Cup playoff games set to air on ABC beginning with the 2021-2022 season.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Opinion | Disney tries to make Scarlett Johansson the villain in streaming lawsuitOpinion | Danny Cevallos: 'Whether someone is making $20,000,000 per movie or $20 per hour, a deal is a deal. One party cannot breach a contract and then claim it’s OK because the injured party is rich.' - NBCNewsTHINK
Weiterlesen »
Disney beats Wall Street estimates as streaming grows, parks turn profitWalt Disney Co (DIS.N) earnings topped Wall Street forecasts for the most recent quarter as its streaming services picked up new customers and the pandemic-hit theme parks unit recorded a profit.
Weiterlesen »
Disney Sales Bounce as Visitors Return to Parks, Streaming Service GrowsWalt Disney reported a sharp jump in sales for the June quarter as more visitors are going to its parks, moviegoers are flowing back into theaters and its streaming service added more subscribers than expected
Weiterlesen »
Disney Channel’s first Indian American lead plays a teen DJ, hears the music in everythingIn “Spin,” the first Disney Channel Original Movie with an Indian American main character, Rhea Kumar — played by actor Avantika — is guided by her music.
Weiterlesen »
This Tabletop Halloween Tree Will Add Some Disney Magic To Your Fall DécorMickey Mouse, Goofy, and all of their friends are bringing the spooky vibes.
Weiterlesen »
Get a First Look at Stoney Clover Lane's New Disney Princess Collection — It's TOO GOODStoney Clover Lane and Disney have teamed up to create a Disney princess collection featuring ruffle pouches, fanny packs, backpacks, duffels, and more.
Weiterlesen »