Tag: BAMTech

The Walt Disney Company, which saw its net income slip 9 percent in its third fiscal quarter to $2.37 billion, is planning to introduce new OTT services for ESPN and the Disney brand, effectively ending its distribution agreement with Netflix for subscription streaming of new releases.

BURBANK: The Walt Disney Company, which presented its Q3 earnings report yesterday, has picked up a 33-percent stake in the video-streaming outfit BAMTech, with plans to launch a new ESPN-branded OTT service.