Report: MLB revenues exceed $10 billion for the first time

USA TODAY Sports | USA TODAY Sports

For the 15th consecutive year, Major League Baseball set a record for industry revenues in 2017, according to a Forbes report.

Revenues eclipsed $10 billion for the first time this past season. In 2015, MLB revenues approached $9.5 billion.

According to the report, growth in revenue was due in part because of television media rights and increased ratings.

Also, in 2015, MLB Advanced Media spun off to create a new media company called BAMTech. BAMTech focused on streaming video technology, particularly for over-the-top content services.

Attendance, however, has declined for the sixth year in a row to 72.6 million.

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