{"id":2921,"date":"2022-12-05T21:06:48","date_gmt":"2022-12-05T21:06:48","guid":{"rendered":"https:\/\/tridence.com\/blog\/?p=2921"},"modified":"2022-12-05T21:06:50","modified_gmt":"2022-12-05T21:06:50","slug":"disney-buys-mlbs-remaining-stake-in-bamtech-for-900m","status":"publish","type":"post","link":"https:\/\/tridence.com\/blog\/disney-buys-mlbs-remaining-stake-in-bamtech-for-900m\/","title":{"rendered":"Disney buys MLB&#8217;s remaining stake in BAMTech for $900M"},"content":{"rendered":"\n<p>The Walt Disney Company\u00a0<a href=\"https:\/\/www.axios.com\/2022\/11\/30\/disney-pays-900-million-to-buy-the-rest-of-streaming-tech-company\" target=\"_blank\" rel=\"noreferrer noopener\">reportedly<\/a>\u00a0paid $900M to Major League Baseball for the remaining 15% stake in BAMTech, a streaming video tech company that powers Disney+. This jaw-dropping financial movement comes just days before Disney+ is set to launch its ad-supported subscription tier and ahead of planned corporate restructuring under reinstated CEO Bob Iger.<\/p>\n\n\n\n<p>The Walt Disney Company subsequently bought out a 10% stake from the National Hockey League and now has acquired the remaining 15%, formerly owned by MLB, to gain full ownership of the company.<\/p>\n\n\n\n<p>Considering all the financial movements involved in BAMTech\u2019s transition, The Walt Disney Company paid $3.48B to gain full ownership over the streaming tech company, per Forbes. <\/p>\n\n\n\n<p>BAMTech, which was officially renamed \u201cDisney Media &amp; Entertainment Distribution\u201d when Disney gained majority ownership of the company, states the following regarding the company:<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>Disney Media &amp; Entertainment Distribution (DMED) brings together the Company\u2019s best-in-class product, technology, and commercialization teams into one global organization. DMED is responsible for the P&amp;L management and all distribution, network and engineering operations, sales, advertising, data, and certain key technology functions worldwide for the Company\u2019s content engines. <em>DMED also manages operations of the Company\u2019s streaming services including Disney+, Hulu, ESPN+ and Disney+ Hotstar; and domestic broadcast and cable television networks.<\/em><\/p><cite>Disney <\/cite><\/blockquote><\/figure>\n\n\n\n<p>The move comes days before Disney+ is set to launch its ad-supported tier. In Q3 2022, the streaming service registered an increase of 12 million subscribers with a total of 164.2 million subscribers globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Walt Disney Company\u00a0reportedly\u00a0paid $900M to Major League Baseball for the remaining 15% stake in BAMTech, a streaming video tech company that powers Disney+. This jaw-dropping financial movement comes just days before Disney+ is set to launch its ad-supported subscription tier and ahead of planned corporate restructuring under reinstated CEO Bob Iger. The Walt Disney [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2922,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"tdm_status":"","tdm_grid_status":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[44,132,81],"class_list":["post-2921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brands","tag-digital-marketing","tag-disney","tag-media"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tridence.com\/blog\/wp-content\/uploads\/2022\/12\/disney-plus-logo.jpg?fit=1200%2C639&ssl=1","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts\/2921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/comments?post=2921"}],"version-history":[{"count":1,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts\/2921\/revisions"}],"predecessor-version":[{"id":2923,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts\/2921\/revisions\/2923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/media\/2922"}],"wp:attachment":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/media?parent=2921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/categories?post=2921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/tags?post=2921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}