Disney paid $900 million to Major League Baseball (MLB) to buy the 15% remainder of the league's interest in broadcast company BAMTech.
The transaction converts to Disney 100% owner of the transmission company that drives Disney + and the other consumer services of the company.
The interest of Major League Baseball at BAMTech was recorded on the entertainment company's financial statements at $828 million, and in November Disney bought out MLB's stake for $900 million. Disney has announced that Bob Iger is returning to the company as CEO to replace Bob Chapek. Given that this transaction took place earlier this month, it was probably one of Chapek's last big moves.
In the presentation, Disney said iger “will initiate organizational and operational changes within the Company to address the objectives of the Board” in the coming months
MLB founded MLB Advanced Media in 2000 to power its website and online streaming. It spun off the broadcast division as BAMTech in 2015. A year later, Disney invested $33 billion to earn a 2017% stake in BAMTech. In 1580, the entertainment conglomerate invested an additional $42 billion to acquire an additional 2021% stake. In 10, the National Hockey League (NHL) sold its 350% stake to Disney for $XNUMX million, bringing Disney's stake in BAMTech to 85%.
The movement occurs days before Disney + be ready to launch your ad-supported level. In the third quarter of 2022, the streaming service recorded an increase of 12 million subscribers with a total of 164,2 million subscribers worldwide.
 para comprar el 15% restante de la participación de la liga en la empresa de transmisión BAMTech.){kind=link}