Disney buys stake in video-streaming service

Posted online August 10, 2016 | 11:36 am

The Walt Disney Co. yesterday announced it's buying a stake in BAMTech, a video-streaming company created by Major League Baseball.

The purchase is said to be a step toward securing the digital future of ESPN.

Disney officials said the company would spend $1 billion for a 33 percent stake in BAMTech.

Read more from the Los Angeles Times.

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