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Published · transcript-backed

Ben Gilbert: belief

10 Aug 2026 Acquired Disney: The Renaissance and the Empire

“Yep. And then their first— when they spun out of baseball, they, I think, stood up the streaming backend for the then fledgling HBO Now.”

— Ben Gilbert

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Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
10 Aug 2026
Publisher
Acquired

Transcript context

…And then they got into streaming for Japan and Ichiro. Yep. And then their first— when they spun out of baseball, they, I think, stood up the streaming backend for the then fledgling HBO Now. Yes, yes. And they also had taken on the NHL, so they were doing the NHL's streaming service. So it's kind of perfect. They can do sports streaming. They've run HBO Now, a streaming service for HBO. Like, that's perfect. So August 2016, Disney buys a 33% stake in BAMTech from Major League Baseball with an option to increase that to a majority stake over the next couple of years. The next year in 2017, they announced that they're going to accelerate that option to purchase a controlling stake in BAMTech the next year in 2018, and then a Disney streaming service in 2019. And as part of the same announcement, Ben, like you alluded to, they say they will be ending their content agreements with Netflix and pulling all Disney, Pixar, Marvel, and Lucasfilm content off of Netflix by 2019, which Netflix was already paying them hundreds of millions of dollars annually for that content.…

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