Deals
Disney Reshapes TV With $1 Billion Streaming Deal, Web ESPN
- Media giant to introduce internet-only service this year
- Cable networks will be part of DirecTV web-based video bundle
Bob Iger: MLB Deal Is Vital to the Future of Disney
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Walt Disney Co. reported third-quarter results that reflected tough times for its TV business and said it’s taking big steps in online video to adapt to changing consumer viewing habits.
The world’s largest entertainment company said Tuesday it will pay $1 billion for a one-third stake in BAMTech, a technology and streaming business formed by Major League Baseball, and launch a new web-based ESPN service this year. The company also said networks including ESPN and the Disney Channel will be part of a new online video service planned by AT&T Inc.’s DirecTV division.