The Cubs have purchased some land

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The Cubs have paid $20 million for a one acre parcel of land across from Wrigley Field.  The purpose: to use it, eventually, for “a mixed use entertainment” project.  Which is term you hear a lot on real estate circles, but which I always equate with “arcade/go-karts” because people my age once thought of that as the height of entertainment.

For now, though, the site holds a McDonalds, which will continue to operate.  This has led to a conspiracy theory in some circles.

I’d say that was low-hanging fruit, but I can’t remember the last time I saw fruit anywhere near a McDonalds or near Wrigley Field.

MLB sells share of BAMTech to Walt Disney Co. for $900M

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NEW YORK – Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.

The sale was disclosed Tuesday in Walt Disney Co.’s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.

The technology helped MLB become a leader in sports streaming in the 2000s.

Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.