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.
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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
