BAMTech
| Type of business | Subsidiary |
|---|---|
| Founded | February 2015 |
| Headquarters | New York City, New York, United States |
| Area served | Worldwide |
| Owner |
|
| Founder(s) | MLB Advanced Media |
| Key people | Michael Paull (chief executive officer) |
| Industry | Entertainment |
| Products | |
| Services | |
| Subsidiaries | BAMTech Europe (JV) |
| Current status | Active |
BAMTech LLC is a streaming company primarily owned by the The Walt Disney Company, with a minority stake ownership by MLB Advanced Media. The company's major clients include the NHL, HBO (for its HBO Now service), the PGA Tour, Riot Games, WatchESPN, PlayStation Vue and WWE Network
BAMTech was founded in February 2015 through MLB Advanced Media, spinning-out its streaming technology business into a separate company with outside investors. The formation of the company was approved by MLB Advanced Media's board of directors on August 13, 2015. Under the plan, MLB-specific properties (such as MLB.com) would remain under league control.
In August 2016, The Walt Disney Company acquired a 1/3 stake in the company for $1 billion, with an option to acquire a majority stake in the future. Disney's investment is connected to a planned ESPN over-the-top service,, which was planned to primarily draw from content that ESPN holds rights to but does not air on television.
On November 1, 2016, BAM Tech announced a partnership with Discovery Communications to form a European joint venture known as BAMTech Europe. Its first client is Eurosport, the pan-European rights holder of the Olympic Games beginning 2018. The following month, Riot Games announced a deal with BAM Tech for the company to distribute and monetize broadcasts of professional competitions in its multiplayer video game League of Legends through 2023. BAM Tech will pay Riot at least $50 million per-year, and split advertising revenue.
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