Disney has purchased a 10% stake in the streaming technology services group BAMTech from the National Hockey League for $350 million, according to Deadline.

  • The deal between Disney and the NHL, in which Disney will acquire the NHL’s 10% stake in BAMTech, is expected to close by the end of September.
  • In Disney’s quarterly report filed with the SEC, they also noted that Major League Baseball has the right to sell its 15% interest in BAMTech to Disney in September of 2022.
  • Deadline reports that the deal could be worth as much as $752 million.
  • Disney owns the rest of BAMTech.
  • BAMTech was created by MLB’s MLB Advanced Media in 2015 and Disney bought the majority stake in 2017 as they announced their own streaming service, now Disney+.
  • Disney’s SEC filing also included a reminder that NBC Universal will have the option to sell their 33% stake in Hulu beginning in January of 2024 in the same kind of deal that occurred here with BAMTech.
  • Disney owns the other 67% of Hulu.
  • A deal for the remaining stake in the streamer could be valued $27.5 billion.
  • Disney also held their quarterly earnings call today. Check out our live blog to catch up on all the news that stemmed from that call.