Report: Record MLB Revenues In 2014
Forbes is reporting that Major League Baseball had revenues of $9 billion in 2014, a new record and up a remarkable 13 percent over the year before:
The reason for the increase? The league saw revenues double for new broadcast deals with their national network partners FOX, ESPN, and TBS that added an additional $788.3 million a year to the league’s coffers. Add that to additional local media rights deals such as the Los Angeles Dodgers (between $7 billion and $8 billion annually that sees over 30 percent distributed as revenue sharing), and multi-billion dollar deals for the Rangers, Angels, Mariners, Padres, Phillies, and soon-to-be Astros (the club is mired in restructuring their CSN Houston deal), and you get a significant bump.
Throw in that MLB Advanced Media, who not only pulls in hundreds of millions streaming MLB games, but supplies backend streaming services to the likes of ESPN, WWE, CBS March Madness, and just announced today, will provide the backend infrastructure for HBO’s planned streaming service. As noted in our “The Biggest Media Company You’ve Never Heard Of,” MLB Advanced Media, alone, could see revenues of over $1 billion annually.
For comparison sake, revenues were $1.4 billion in 1995 ($2.14 billion in today’s dollars).