Disney just made a big $1 billion investment in BAM Tech, the hugely successful streaming technology business that powers services from HBO, MLB, NHL, PGA, WWE, and others. The deal allows Disney to eventually acquire majority ownership of BAM Tech in the coming years if it wishes to do so. “Our goal is to ensure that our brands, notably ESPN, remain strong, vital, and relevant in a totally changed media landscape," Disney CEO Bob Iger said on the company's investor call this afternoon. "What they've got is really robust," he said of BAM Tech's business and expertise. "We obviously need this capability to take ESPN, Disney, and other Disney IP onto similar platforms." BAM Tech started as part of MLBAdvanced Media, but is being spun off...
via The Verge
