The Walt Disney Company is reportedly in advanced stages with Major League Baseball Advanced Media (MLBAM) to cough up $1 billion to acquire one third of its video streaming technology arm BAM Tech. If Disney is beaten to the video technology prize by the NFL, then this would create a sports powerhouse in the US that could perpetuate ESPN’s recent turmoil – which is why Disney is willing to sign a deal that could cost it some $3 billion to $4 billion per year, as it pursues a controlling stake. It’s no surprise that Disney is placing the future of ESPN so high on its priority list, as the subsidiary forms the backbone of Media Networks which last year generated…