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The average Major League Baseball team is now worth $2.4 billion, 4% more than a year ago. With the exception of 2021— when the Covid-19 pandemic disrupted the 2020 baseball season—it was the first time values increased less than 4% year over year since 2010.<br/><br/>The good news? Since Forbes first began doing valuations of MLB teams in 1998, when the average team was valued at $194 million, owning a team would have beaten inflation by more than five-fold and beaten the S&P 500 (excluding the reinvestment of dividends) by nearly double.<br/><br/>Revenue in MLB rose 10% in 2023, to an average of $378 million per team—the steepest increase since 2015. That increase was due to record ticket, merchandise, television and licensing revenue. But operating income (earnings before interest, taxes, depreciation and amortization) only went up 6%, to an average of $19 million due to more spending on players, technology and analytics.<br/><br/>Forbes’ team valuations are enterprise values (equity plus net debt) based on historical transactions and the future economics of the sport and each team. Revenue and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2023 season and are net of revenue sharing, competitive balance taxes and stadium revenue used for debt service. Ownership stakes in regional sports networks, as well as related profits or losses, are excluded from our valuations and operating results, as are investments in real estate and other businesses. (For all-inclusive sports ownership valuations, see the 2023 Sports Empires rankings.) Sources include sports bankers, team and league executives, public documents like leases and filings related to public bonds, and media rights experts.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/mlb-valuations/?sh=12ce2ca1421d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Vissy
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Miramax-FOX Pictures UK
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Not since the New Beetle debuted in 1998 has Volkswagen dipped so heavily into its iconic past to launch an all-new vehicle. With the new ID. Buzz poised to hit showroom floors later this year, VW Senior Product Planner Ryan Gavin gave Forbes a sneak peek at the 2024 New York International Auto Show. <br/><br/>Between its history-inspired body lines and optional two-tone paint schemes, the ID. Buzz will draw as much attention as modern exotic cars, and not just from aging Deadheads. While its exterior styling borrows heavily from the original VW Microbus, including the oversized “VW” front logo, rear roof pillar air vents, and boxy shape, the interior features an array of modern tech. Dual power-sliding doors and a power rear liftgate feature Volkswagen’s “Easy Open and Close” tech, meaning a simple swipe of your foot beneath the doors will cause them to open (assuming the keys are nearby).<br/><br/>Once inside passengers will find ambient lighting, an optional panoramic sunroof with electrochromic tinting (can go from clear to opaque at the touch of a button), and a standard 12.9-inch central touchscreen featuring wireless App-Connect technology and wireless device charging. Flexibility comes from a removable center console, a sliding second-row seat that also folds down or reclines, a removable third-row seat, and standard features like a heated steering wheel, heated, ventilated and massaging front seats, heated outboard second-row seats, and a nine-speak auto system (a 14-speaker Harman Kardon system is optional).<br/><br/>With its impressive standard equipment list, wide range of interior and exterior design options, and advanced technology, this electric van could have the same impact on Volkswagen’s brand as the 1998 New Beetle, meaning a flood of demand from both traditional and new VW customers, along with a level of cultural impact worthy of the ID. Buzz’ name.<br/><br/>Read more on Forbes:<br/>https://www.forbes.com/sites/kbrauer/2023/06/02/volkswagen-id-buzz-the-future-and-past-converge-in-vws-newest-ev/ <br/><br/>For more from Scotty Reiss:<br/>https://agirlsguidetocars.com/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship
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Joshua Roeser
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The StartedWind1938 Productions
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Two police reports were lodged in connection with Umno Youth chief Dr Muhamad Akmal Saleh's speech on the controversial socks found in KK Super Mart, says Tan Sri Razarudin Husain.<br/><br/>The Inspector-General of Police said the case has been classified under Section 4(1) of the Sedition Act 1948, and Section 233 of the Communications and Multimedia Act 1998 for misuse of network facilities.<br/><br/>Read more at https://tinyurl.com/24drc8dx <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>
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Old Video Archives Reborn
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TehSpartanMaster21
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Every once in a while, a funny thing happens in Hollywood where comparable movies hit the big screen in the same year. Remember when Antz and A Bug’s Life both came out in 1998? Or how about when The Illusionist and The Prestige were part of 2006’s slate? And one cannot forget that time when Batman v. Superman: Dawn of Justice and Captain America: Civil War both pitted major heroes against each other in 2016. This year, history is repeating itself when it comes to imaginary friend movies between Blumhouse’s Imaginary and Paramount’s IF. <br/><br/>With Imaginary up first among them in the 2024 movie release schedule, CinemaBlend spoke to producer Jason Blum and director Jeff Wadlow about the coincidence. Here’s what Wadlow shared about the fascinating phenomenon.
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Plasma Storm
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Dylan Shechtman
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