Quote of the Day

"We don't have right now a need to necessarily break it out from that, but this certainly gives us the optionality if we get to a point where that business model is no longer serving the needs or the interest of the company and the shareholders and ESPN."
-- Disney Chair & CEO Bob Iger, on if ESPN’s streaming service means Disney could pull the sports network out of the cable bundle. ("Closing Bell," CNBC, 8/8)
Wednesday August 9, 2017 Vol. 23 — No. 236 Print This Issue

Top Stories

  • Disney's Big Play

    ESPN will not be streaming live NFL or NBA games via the new OTT service

    Disney is buying a majority stake in BAMTech for $1.58B, accelerating its prior deal with MLB in both size and timetable. The deal will pave the way for the debut of an ESPN-branded video streaming network early next year, followed by a Disney-branded OTT service in ’19. Both of which will be supported by BAMTech technology. The deal follows one a year ago in which Disney acquired a third of BAMTech for $1B. That original agreement included an option for Disney to eventually acquire majority control, and the company has now boosted its equity stake from 33% to 75%. The latest deal values BAMTech at $3.76B, up from its prior $3B valuation. MLBAM will retain a stake of slightly more than 15% of BAMTech, while the NHL has slightly less t ...

  • Court Costs

    New NBA contract cited as a big reason for ESPN's lower Q3 earnings.

  • What's In Your Arena?

    Capital One is taking over the naming rights to the home of the Wizards and Capitals.

  • Driver's Seat

    Titans co-owner selling team stake, but Strunk still in control.

  • Back To School

    A's new ballpark may be built on Oakland community college land.

  • Calendar Mark

    Fallout from PGA move: North Texas events could be split up; prolonged break unlikely.

  • Take It Easy

    IOC asks Paris, L.A. to tone down plans for Lima meeting.

  • Don't Fall Behind

    Latest Fanatics investment allows it to compete with Amazon.

  • Sending Our Best

    Ed Olczyk will miss the start of the NHL season as he undergoes treatment for cancer.

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