Wednesday, August 5, 2015
MLB Will Soon Spin-Off Advanced Media Unit
will soon be "spun-off" into an independent company that will also stream NHL games. MLB Advanced Media already streams non-baseball contests for the likes of ESPN, HBO and (the moronic) WWE. Now the new venture—to be called BAM Tech— will be valued at least $3 billion and become an even more lucrative profit center for the 30 MLB owners (including, of course, our own beloved John Henry). The new company will pay the NHL $100 million a year for six years for the rights to stream their games—and also bestow 10% ownership on the hockey league. Sweet deal all around—pony up, fans!