Reuters) – Walt Disney Co (DIS.N) disclosed on Tuesday that it has taken full control of BAMTech, a video-streaming firm spun off from Major League Baseball’s digital media company MLB Advanced Media.
Disney earlier this month purchased the remaining stake in BAMTech from Major League Baseball for $900 million, the company said in a SEC filing.
Previous to the transaction, streaming technology services provider BAMTech was owned 85% by Disney and 15% by Major League Baseball (MLB).
BAMTech provides the streaming platform for such entities as Worldwide Wrestling Entertainment and Warner Bros Discovery Inc’s HBO.
It’s World Wrestling Entertainment, now Worldwide Wrestling Entertainment.
You know, that came from a release. I thought it was wrong. I am a WWE fan. Thanks for reading and commenting. We are counting down to the Royal Rumble in my house. 🙂