Description
Disney Streaming is a technology subsidiary of The Walt Disney Company located in Manhattan, New York City. It was established in 2015 as a spin-off of MLB Advanced Media—the digital media arm of Major League Baseball, focused on providing streaming video technology, particularly for over-the-top content (OTT) services. The company's major clients include ESPN (for its ESPN+ and ESPN3 services), the National Hockey League, and TheBlaze.
It was majority owned by MLB Advanced Media (which is, in turn, a consortium of MLB's principal team owners), with minority stakes held by the NHL and other investors. Disney acquired a minority stake in the company in August 2016 for $1 billion, and the following year, announced its intent to increase its stake to a 75% controlling stake for $1.58 billion.
The deal was approved by regulators in September 2017. With the acquisition of BAMTech by Disney, the company began to develop two subscription streaming services aligned with Disney properties: the sports-oriented service, ESPN+, and the global family entertainment service, Disney+; United States general entertainment service Hulu and Latin America general entertainment service Star+ were later transferred into the company in August 2021. Disney had acquired sole ownership by November 2022.
