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MarketWatch First Take: ESPN streaming service planned, but full slate of games won’t be included

Walt Disney Co. is finally giving into cord-cutters’ desire for sports content with an ESPN-branded streaming service, but it is unlikely to include the full range of games and programming to which the network has access.

Disney DIS, +0.96% announced Tuesday afternoon that it had invested in streaming-technology pioneer BAMTech, a spinoff from Major League Baseball’s digital business, MLB Advanced Media. As part of the previously reported deal — which gives Disney a 33% stake in BAMTech for $1 billion, as well as an option to eventually acquire majority ownership — the two companies will partner on an ESPN direct-to-consumer streaming offering.

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