Disney Prepares ESPN For Cord Cutting Revolution With $1 Billion BAMTech Investment
The Walt Disney Company has announced they are acquiring a 33 percent stake of BAMTech. The deal will see Disney leverage BAMTech’s streaming and over-the-top (OTT) services to help launch an ESPN-branded “multi-sport” streaming service by the end of 2016. Disney will pay a total of $1 billion to acquire this one-third stake. They will pay in two […]