Disney has the option to acquire majority ownership in coming years in BAMTech, which was formed by Major League Baseball and is separate from the league's content business. The technology is lauded as some of the best in the industry and is used by HBO Now and the National Hockey League as well as baseball. The investment will help "allay investors fears about...
The net income attributable to the company rose to $2.6 billion, or $1.59 per share, in the third quarter ended July 2, from $2.48 billion, or $1.45 per share, a year earlier. Revenue rose to $14.28 billion from $13.10 billion. Disney also said it is acquiring a 33 percent stake in BAMTech, a video streaming company formed by Major League Baseball, for $1 billion.
Rodriguez and the club announced the baseball star will play his last game with the Bronx Bombers this week
Steve Forbes, Forbes Media, discusses Alex Rodriguez's retirement deal with the Yankees and how both parties benefit.
Alex Rodriguez's sudden retirement from the Yankees sent average ticket prices o a tear on TiqIQ.
The Yankees will release former MVP Alex Rodriguez from his 10-year, $275 million contract, and he will play his final game this week.
When the Olympic Games begin Friday, the athletes representing their countries in Rio de Janeiro this year won't be the only ones center stage.
Fininvest confirmed on Friday it had signed a preliminary agreement to sell 99.93 percent of AC Milan to a group of Chinese investors.
User numbers are going to be in the spotlight on earnings day at Twitter as stagnating user growth has dragged shares down over the past year.
Chinese soccer fans were left furious Monday after a long-awaited Manchester derby was abruptly canceled just hours before kickoff.
NBA's iconic stars — including LeBron James and Stephen Curry — will not be on the 2016 USA basketball team in Rio. Can the team get gold?
Halfway through the baseball season, 2016 is on pace to set all-time records for most home runs, most strikeouts, and fewest singles.
The San Diego Tourism Authority expects the event to generate about $60-million to $70-million.
As baseball gears up for its 87th annual midsummer Classic, the city hosting the event is expecting a home run of its own.
Lenny Dykstra, three-time MLB All Star, visits the New York Stock Exchange to talk about his life in baseball and his new memoir, "House of Nails."
KPMG has stepped down as auditor of FIFA, the global soccer body said on Monday, saying it was welcoming the opportunity to work with a new audit firm.
With over two months left before Rio 2016, economists at PwC have forecast which countries will win the most medals at the Olympic Games.
Hall of Fame pitcher Jim Palmer, is out with a book called "Nine Innings to Success: a Hall of Famer's Approach to Achieving Excellence," and discusses his story of being adopted, and the key to success in your career.
"This is the greatest sport in the world," former Yankee great Derek Jeter tells CNBC.
Baseball's Derek Jeter, five-time World Series Champion, talks about team ownership and growing the game.