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NHL gets a big payout from Disney for streaming technology

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TJ Tucker
August 12, 2021  (6:30 PM)
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The National Hockey League has received a huge payout from the Walt Disney Company for its stake in streaming services that included Disney+ and ESPN+. The NHL owned 10 percent of those services, but recently triggered a buyout, which means it is receiving $350 million from Disney.

The streaming technology, operated by a company previously known as BAMTech, was created by Major League Baseball in 2015. Disney acquired the majority stake in 2017. After buying out the NHL's portion, Disney now owns 85 percent, with MLB hanging on to the remaining 15 percent. Disney has the option to acquire the whole thing starting in 2027.

Disney struck a 7-year rights deal with the NHL earlier this year, giving ESPN, ESPN+ and Hulu exclusive games, with some Stanley Cup playoff games set to air on ABC beginning with the 2021-2022 season.

Source: Hollywood Reporter