The Shocking Truth About Major League Baseball

#MLB #Baseball #Finance #Sport #entertainment #Business #sports
⏱ Timestamps
00:00 Background
00:40 Why Popularity Of Baseball Is Declining
02:50 Other Sports
03:59 Superstar Problem
04:30 Could Soccer Overtake Baseball?
05:07 Final Thoughts
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The MLB has experienced a decline in popularity for a number of reasons. In this video we will discuss how the league has gone wrong, competition from other sports and the outlook for the MLB.
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🎬 About
Economics of Entertainment will explore the business behind sports, music and entertainment.
Editor: Mahmoud Nada
Music: Epidemic Sound
Email: [e-mail]
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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [e-mail], and we can sort it out.

[@Philhero96]

Bro, attendance is higher than last year, plus the average time for a 9 inning game is 2 hours 39 minutes. Viewership is still up 7% from last year. Yes teams like the A's get no attendance, but that's because the stadium is a dump. People say the sport is boring AF, then why are so many people watching it. It's clear baseball still isn't in decline.

[@economicsofentertainment]

Thanks for your comment. On a global level relative to other sports the interest in the sport is declining.

[@HankThe_Tank]

@@economicsofentertainmentyeah cause countries in the far east and Latin America don’t care about baseball. Not to mention the baseball academy for the Dodgers in Uganda. MLB is also having tournaments in Europe as well. The game is growing immensely and the pitch clock only helps with attendance soaring last year.

[@HankThe_Tank]

@@economicsofentertainmentpeople have also said baseball is dying throughout it’s history. And Shohei Ohtani is bringing people to baseball.

[@riccorich]

​@@economicsofentertainment I don't think Global matters in the US

[@riccorich]

Us is the biggest sports anything in the world doesn't really matter if a sport or athlete is relevant outside the US, if they aren't popular in the US then they are not relevant

[@dwaynejpeterkin]

Not surprised as baseball hasn’t been talked about since the early 2000s it’s boring and there is no stars in baseball baseball needs to turn it around otherwise the mlb will be out of business in a few years

[@economicsofentertainment]

We shall wait and see…. I hope not though maybe they’ll find a way to pivot.

[@El_popi_negro]

Great video. Would be good to know more about American sports leagues from franchise valuations to player drafts.

[@economicsofentertainment]

Great suggestion! Will definitely do a video on this later on!

[@nicolevalencia964]

Great vid👌🏽

[@economicsofentertainment]

Glad you enjoyed

[@Eddyrozay]

Crazy I’m more into baseball now than I ever been 😊

[@economicsofentertainment]

I wish I could say the same.

[@dwaynejpeterkin]

Name a mlb star 🤔

[@Eddyrozay]

@@dwaynejpeterkin Jackie Robinson 😂

[@dwaynejpeterkin]

@@Eddyrozay in todays era

[@Eddyrozay]

@@dwaynejpeterkin Tim Anderson

[@irishbilly1175]

Baseball is the only sport ive tried to watch live and was ready to leave less than a third of the way thru the game. And I'm gen x so it being boring isnt a new viewpoint. I cant recall any real mainstream excitement for the sport since the steroid era days of Sosa ,Mcgwire and bonds

[@economicsofentertainment]

Well said!

[@jamesgoatcher]

"Who in baseball can you say has this level of global appeal?" Ohtani and Trout are active players well known outside of MLB circles. You could probably argue Mookie Betts too. Sports are markets similar to stocks and MLB is currently slumping but it's not as dramatic as someone not following baseball may think.

[@economicsofentertainment]

Good points. The names mentioned are not on par with Nadal, Djokovic, Neymar, Ronaldo, messi, Lebron James and Steph curry on a global level. Not even close

[@riccorich]

Global appeal isn't the same as Appeal in America, America appeal carries more weight

[@economicsofentertainment]

How exactly does it carry more weight?

[@riccorich]

@@economicsofentertainment bigger economy bigger country better exposure, people who famous outside the US aren't really known unless they become famous in the US.. America is the standard

[@economicsofentertainment]

@@riccorich that is a very US centric view. There a plethora of examples of people who are unknown in America and are globally famous. Just go on Instagram. Your favourite baseball player will have a following which is mediocre compared to an average retired international soccer player.

[@riccorich]

@@economicsofentertainment that's just the facts, nobody in America is gonna care if you famous outside of America..

[@RobertCorrigan-we2ed]

Games are too long. Too much down time during games. Baseball is 20 times more enjoyable watching live versus watching TV. Outside of die hard fans, most fans dont really get involved until the playoff races heat up.

[@economicsofentertainment]

Agreed last time I went to a game was 2018 and I spent 90% my time wondering when and how I was going to leave.

[@dukedematteo1995]

28 K fans a game...162 games...that's a ton of people and tickets sold.

[@dukedematteo1995]

Bro, people have been predicting soccer's rise in America since the 60's. They said the same about the metric system. It ain't gonna happen.

[@economicsofentertainment]

I guess we shall see.

[@PatricioMarcel]

Love the perspective. I think baseball is losing popularity because it is boring AF!

[@economicsofentertainment]

Different strokes for different folks I guess.

[@newlondon5696]

Who can name 1 global MLB star? Honestly, it has no appeal to a nonfan. The MLB needs Kris Jenner as CEO.

[@economicsofentertainment]

Haha talk about broadening its reach

[@dukedematteo1995]

Is this a joke? Baseball is far from dead....they made a ton of $$$ last year. Attendance was solid. Player salaries went up. Stop hating.

[@PatricioMarcel]

I don't think the channel is hating, I think it is just an observation of a trend............

[@economicsofentertainment]

No hate and as Patricio said, just an observation of a trend.