Disney Bets on Streaming, Joining With Major League Baseball

August 9, 2016 9:34 PM

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Disney Bets on Streaming, Joining With Major League Baseball

LOS ANGELES — The Walt Disney Company, facing stiff challenges in the traditional television business, is making a $1 billion bet on video streaming.

After months of speculation, Disney said on Tuesday that it had concluded a deal to spend that amount for a 33 percent stake in BamTech, Major League Baseball’s fast-growing streaming division. As part of the agreement, Disney has the option to buy a controlling interest in BamTech in the coming yea...

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