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Disney Aims for Fast Launch of New Standalone ESPN Streaming Service

Disney (DIS) , which on Tuesday said it would pay $1 billion to buy a 33% stake in Major League Baseball's fast-growing streaming technology business, has put together the pieces that could allow it to quickly create a viable standalone video service for its embattled ESPN sports channel, according to those with knowledge of the plans.

The deal with BAMTech merges a cache of popular sports rights that includes baseball and college football, together with a well-oiled tech team that has...