Disney is paying $350 million to the NHL to buy out the hockey league’s 10 percent stake in Disney Streaming Services, the tech platform owned by Disney that powers its streaming services.
The NHL held a buyout option which it exercised on Aug. 3. Disney revealed the buyout as part of its fiscal third quarter earnings, which you can read more about here.
Disney now owns 85% of Disney Streaming Services, with Major League Baseball owning the remaining 15 percent. Disney acquired a majority stake in the company back in 2017, when it was known as BAMTech.