ESPN's 'multi-sport' streaming service is coming

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ESPN's 'multi-sport' streaming service is coming

ESPN's 'multi-sport' streaming service is coming

LOS ANGELES — Disney is breaking into the subscription streaming service world with the launch of an ESPN-branded "multi-sport” offering.

To help push out the service, Disney confirmed Tuesday it has purchased of 33 percent of Major League Baseball’s streaming tech**logy business BAMTech for $1 billion. Reports of the investment first surfaced in June.

"Our investment in*BAMTech*gives us the tech**logy infrastructure we need to quickly scale and monetize our streaming capabilities at ESPN and across our company," Disney CEO Bob*Iger said in a 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." Read more...

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