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Disney buys stake in BAMTech to start ESPN streaming service

2016-08-10 08:37:00| Telecompaper Headlines

(Telecompaper) The Walt Disney Company has agreed to buy a 33 percent stake in BAMTech, an OTT video delivery platform, for USD 1 billion. Formed by the Major League Baseball league to help deliver its games to consumers online, BAMTech provides direct-to-consumer streaming services, data analytics and commerce management, with nearly 7.5 million total paid subscribers to its clients' OTT products. The Disney investment will provide capital to accelerate growth of its proprietary video-delivery platform. Under the terms of the transaction, Disney will pay USD 1 billion in two installments, now and in January 2017, and has the option to acquire majority ownership in the coming years. BAMTech will become a key partner for Disney and collaborate with ESPN to launch and distribute a new ESPN-branded multi-sport subscription streaming service.

Tags: service start disney streaming

 

Disney buys stake in BAMTech to start ESPN streaming service

2016-08-10 01:20:00| Telecompaper Headlines

(Telecompaper) The Walt Disney Company is acquiring a 33 percent stake in BAMTech, a technology services and video streaming company previously formed by Major League Baseball (MLB). As part of the transaction, BAMTech was separated from MLB's broader digital business, MLB Advanced Media (MLBAM). Under the terms of the transaction, Disney will pay USD 1 billion in two installments, now and in January 2017, and has the option to acquire majority ownership in the coming years.

Tags: service start disney streaming

 
 

Suncor to acquire 30% stake in Rosebank project from OMV

2016-08-10 01:00:00| Offshore Technology

Canada-based Suncor Energy will acquire a 30% participating interest in Rosebank project in the UK North Sea from OMV UK for $50m.

Tags: project acquire stake omv

 

Suncor to acquire 30% stake in Rosebank project from OMV

2016-08-10 01:00:00| Offshore Technology

Canadian-based Suncor Energy will acquire a 30% participating interest in Rosebank project in the UK North Sea from OMV UK for $50m.

Tags: project acquire stake omv

 

SpeedCast to buy 70% stake in Wins from Eutelsat Communications

2016-08-09 01:00:00| Ship Technology

France-based satellite operator Eutelsat Communications has finalised a deal with SpeedCast International to sell its 70% stake in Wins for approximately 60m.

Tags: buy communications wins stake

 

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