Post by mikecubs on Dec 21, 2013 2:52:51 GMT -6
Major League Baseball Sees Record Revenues Exceed $8 Billion For 2013
It was a very good year for Major League Baseball; as in historic. According to a source speaking on condition of anonymity, for 2013 MLB gross revenues will exceed $8 billion for the first time, ever. While exact figures were not revealed, baseball will end 2013 with revenues between $8-$8.5 billion.
Last year, revenues were above $7.5 billion. While attendance has been ostensibly flat for the league, the continuing growth in television revenue is a key reason for the rapid escalation.
And, it’s very possible that MLB could see revenues in the $8.5-$9 billion range by this time next year. The league will see revenues double for new broadcast deals with their national network partners FOX, ESPN, and TBS that will add an additional $788.3 million a year to the league’s coffers.
In related news, sources indicate that the massive Dodgers television deal that has been reported to be anywhere from $7-$8 billion over 20 years appears to be on track for approval by the league. At this stage, issues around the revenue-sharing component have been resolved and it’s down to other issues. The deal is expected to be cleared by the league before the start of the 2014 season.
In 1995, MLB revenues were $1.4 billion, or over $2.2 billion when accounting for inflation. Since that time, gross revenues for the league have grown a staggering 264 percent in 18 years.
www.forbes.com/sites/maurybrown/2013/12/17/major-league-baseball-sees-record-revenues-exceed-8-billion-for-2013/
It was a very good year for Major League Baseball; as in historic. According to a source speaking on condition of anonymity, for 2013 MLB gross revenues will exceed $8 billion for the first time, ever. While exact figures were not revealed, baseball will end 2013 with revenues between $8-$8.5 billion.
Last year, revenues were above $7.5 billion. While attendance has been ostensibly flat for the league, the continuing growth in television revenue is a key reason for the rapid escalation.
And, it’s very possible that MLB could see revenues in the $8.5-$9 billion range by this time next year. The league will see revenues double for new broadcast deals with their national network partners FOX, ESPN, and TBS that will add an additional $788.3 million a year to the league’s coffers.
In related news, sources indicate that the massive Dodgers television deal that has been reported to be anywhere from $7-$8 billion over 20 years appears to be on track for approval by the league. At this stage, issues around the revenue-sharing component have been resolved and it’s down to other issues. The deal is expected to be cleared by the league before the start of the 2014 season.
In 1995, MLB revenues were $1.4 billion, or over $2.2 billion when accounting for inflation. Since that time, gross revenues for the league have grown a staggering 264 percent in 18 years.
www.forbes.com/sites/maurybrown/2013/12/17/major-league-baseball-sees-record-revenues-exceed-8-billion-for-2013/