Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Wednesday, November 30, 2022

Disney Pays $900M for MLB’s Remaining Stake in Streaming Company BAMTech

The Walt Disney Co. has officially acquired 100 percent of BAMTech, the streaming video technology company that it acquired majority ownership of in 2017 from Major League Baseball.

According to a footnote in the company’s annual report, which it filed Tuesday, Disney paid Major League Baseball $900 million for its 15 percent stake in the company, now known as “Disney Streaming,” earlier in November.

Disney and the sports league had the right to force a buyout of the stake based on its fair market value beginning earlier this year. Disney had bought the National Hockey League’s 10 percent stake in BAMTech for $350 million last year.

RoyalsRetro (AG#1F) Posted: November 30, 2022 at 08:55 AM | 5 comment(s) Login to Bookmark
  Tags: bamtech

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. villageidiom Posted: November 30, 2022 at 11:22 AM (#6107305)
So when your favorite team cries poor this winter, keep in mind they're each due another $30 million windfall from this.
If MLB hadn't created BAMTech, but MLBPA did, would the players deserve lower MLB contracts when MLBPA sells a 15% stake in it for almost a billion dollars?
   2. Walt Davis Posted: November 30, 2022 at 01:31 PM (#6107327)
Wait ... 10% cost $350 M and a year later 15% cost $900 M. I need to have a chat with the folks managing my retirement fund cuz that is, umm, slightly better return than I've gotten the last year.
   3. The Yankee Clapper Posted: November 30, 2022 at 02:30 PM (#6107339)
Wait ... 10% cost $350 M and a year later 15% cost $900 M.
Inflation.
   4. Cris E Posted: November 30, 2022 at 06:19 PM (#6107388)
No one has ever accused the NHL braintrust of being the best business minds.
   5. RoyalsRetro (AG#1F) Posted: December 02, 2022 at 09:09 AM (#6107575)
More details from Maury Brown at Forbes.

In 2017, Disney slowly began the process of the purchase, beginning with a 33% stake in BAMTech, in two installments totaling $1 billion, and under that agreement, it had the option to acquire a majority stake over several years. Disney then acquired an additional 42% stake, for $1.58 billion. Major League Baseball and its 30 team owners had retained a 15% of the company. Disney had the right to buy MLB’s interest starting five years from and ending ten years after the company’s September 25, 2017 acquisition date of BAMTech, and according to the report, the transaction has now taken place.

The complete sale of what is now Disney Streaming by MLB to the Walt Disney Co. totals $3.48 billion, or $116 million to each of the league’s owners, notwithstanding costs to build BAMTech out.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
rr
for his generous support.

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOMNICHATTER for June 2023
(44 - 8:09pm, Jun 02)
Last: salvomania

Newsblog2023 NBA Playoffs Thread
(2539 - 7:27pm, Jun 02)
Last: Tom Cervo, backup catcher

NewsblogAaron Boone’s Rate of Ejections Is Embarrassing ... And Historically Significant
(1 - 6:28pm, Jun 02)
Last: i don't vibrate on the frequency of the 57i66135

NewsblogThe Athletic: After 50 years, is this the San Diego Chicken’s last stand? [$]
(13 - 6:20pm, Jun 02)
Last: McCoy

NewsblogEconomic boost or big business hand-out? Nevada lawmakers consider A’s stadium financing
(10 - 6:14pm, Jun 02)
Last: McCoy

NewsblogMLB managers should be challenging a lot more in 2023
(3 - 6:09pm, Jun 02)
Last: cardsfanboy

NewsblogJays pitcher Anthony Bass sorry for posting video endorsing anti-LGBTQ boycotts
(96 - 5:07pm, Jun 02)
Last: Captain Joe Bivens, Pointless and Wonderful

Hall of MeritReranking First Basemen: Discussion Thread
(35 - 4:10pm, Jun 02)
Last: bjhanke

Newsblog8 big All-Star voting storylines to follow
(25 - 3:48pm, Jun 02)
Last: cardsfanboy

Sox TherapyLining Up The Minors
(30 - 3:43pm, Jun 02)
Last: Darren

NewsblogOT Soccer Thread - The Run In
(416 - 3:15pm, Jun 02)
Last: Infinite Yost (Voxter)

Sox TherapyThe First Third
(23 - 2:58pm, Jun 02)
Last: pikepredator

NewsblogDiamond Sports Group fails to pay Padres, loses broadcast rights
(23 - 2:21pm, Jun 02)
Last: Karl from NY

NewsblogESPN the Magazine: Bat and Ball Games you've never heard of
(31 - 1:05pm, Jun 02)
Last: gehrig97

NewsblogFormer Los Angeles Dodger Steve Garvey weighs U.S. Senate bid
(17 - 12:59pm, Jun 02)
Last: People like Zonk and Chris Truby

Page rendered in 0.1886 seconds
48 querie(s) executed