Report: MLB to bring in record $9 billion in revenue in 2014
Major League Baseball will bring in approximately $9 billion in gross revenues in 2014, a record for the league, reports Forbes.
According to Forbes, that is an increase of 13 percent from last year's $8 billion.
The reason for the increase is because of the league's new broadcast deals with national networks FOX, ESPN and TBS, which added an additional $788.3 million a year.
Local media right deals such as the one the Los Angeles Dodgers have, which brings in between $7 billion and $8 billion a year with more than 30 percent going back to teams as revenue sharing, also contributes, as does MLB Advanced Media.
On Wednesday, MLB Advanced Media announced it will provide the infrastructure for HBO’s planned video streaming operation, which could push that operation alone to more than $1 billion in gross revenues per year.
Since 1995, MLB's gross revenue has grown 321 percent, according to Forbes.
- Phil Watson