They were able to buy BAMTech outright, and BAMTech has better live event streaming. I don't think this is an investment play for Disney. I think it's about what gives them the best streaming platform that's completely under their control.
It's almost like "Not Invented Here" syndrome.
No I think hulu doesn't do great with streaming live stuff. The money is to move the NFL and ESPN stuff they have there.
They also see benifit from cutting the cost of a middle man on streaming.