Disneyland- Official Facebook Page
CAIRO- 17 August 2017: Disney will purchase the majority of BAMTech, MLB Advanced Media’s spin-off media company, besides launching an ESPN video streaming service and its own Disney streaming platform in 2019, announced Disney on August 8.
Consequently, Disney will pay $1.58 billion to take an additional 42% stake in BAMTech from MLBAM.
In 2016, Disney took only a third of BAMTech that is within MLB, the official site for Major League Baseball, and had was willing to take the majority of the company by purchasing 33% of BAMTech.
Disney declared in 2016 that BamTech will collaborate with ESPN to launch a “multi-sport" subscription streaming service, including live regional, national and international sports events, according to Forbes.
Hence, ESPN will present 10,000 sports events while providing an entertainment service including Pixar films and Disney Channel series.
In addition, Disney will end its distribution agreement with Netflix, the world’s leading internet television network, to release its 2019 movies in its own Disney streaming platform, not on Netflix. That is considered as a blow to Netflix, which is followed by 104 million subscribers.
Disney celebrated its 62nd anniversary with 62 Disney characters on Monday, July 17.
Disney was founded on July 17, 1955 in Anaheim, California by Walt Disney, who worked as a commercial artist. He set up a small studio in Los Angeles, where he produced “Steamboat Willy” in 1928, the first animated film with sound, starring the character “Mickey Mouse”. The animation was a great success. The artistic and technical quality of animation then developed over time.
That first Disney animation was followed by “Snow White and the Seven Dwarfs” in 1938, which took three years to be completed.
In “Song of the South”, produced in 1946, Disney combined live actors with animated figures.
In the 1950s, Walt Disney began to design a park built on 160 acres, which he intended to have educational and amusement value. Its construction began in 1954. Special invitations were sent to many people to attend the opening ceremony on July 17, 1955.
Its famous buildings include the Castle, Mr. Toad’s Wild Ride, Snow White’s Adventures, Space Station X-1, Jungle Cruise and Stage Coach.