The Walt Disney Company announced Tuesday that it will acquire a 33 percent stake in BAMTech, a video streaming company formed by Major League Baseball, and plans to partner with BAMTech to launch an ESPN-branded subscription over-the-top streaming service that will deliver content from multiple sports, including live games.
However, the new service will not include current programming from ESPN’s linear channels, making it an add-on and not a replacement for ESPN’s cable package.
“Our investment in BAMTech gives us the technology infrastructure we need to quickly scale and monetize our streaming capabilities at ESPN and across our company,” Disney Chairman and CEO Bob Iger said in the statement. “We look forward to working closely with BAMTech as we explore new ways to deliver the unmatched content of The Walt Disney Company across a variety of platforms.”
http://www.thewrap.com/disney-finally-announces-over-the-top-streaming-espn-service/