Big news. Disney announced two new streaming services:
1) ESPN — Direct to consumer offering launching in 2018
2) Disney — Focused on Disney content and set to launch in 2019
Disney also announced plans to start pulling content from Netflix.
Great graphic posted by Terence Kawaja from the infamous Lumascape.
Another big announcement was Disney acquiring an additional 42% of BAMTech for $1.58b bringing their total ownership stake to 75%.
What is BAMTech? BAMTech is a spinoff from MLBAM (Major League Baseball Advanced Media) that powers the video streaming for several major sports leagues.
BAMTech has only been a separate company since August 2015 and is already valued at $3.75b!
A few of the leagues that BAMTech powers streaming for:
1) Major League Baseball
2) National Hockey League
3) Major League Soccer
4) Grand Slam Tennis