tv Business Briefing BBC News April 12, 2019 5:30am-5:46am BST
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disney has announced details of it's new streaming service. it hopes families will splash the cash on yet another monthly subscription to see its films and tv shows. but disney's entering a very crowded market. leading the pack is of course netflix with $139 million subscribers around the world. it spends big on content in a bid to attract viewers — it thought more than $12 billion last year alone. e—commerce giant amazon has more than 100 million prime subscribers. it says video has been a key driver of growth — but it's thought to spend less on content than netflix. and apple has been spending up big on content and stars — including oprah winfrey — as it gets ready to launch its own streaming service. dave lee is our north america technology reporter — and attended the unveiling of disney's plans in los angeles.
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this is a big launch for disney because it's been in the works for several years. they would have wa nted several years. they would have wanted to launch it sooner you would resume but because of content deals they had in place with the likes of nat lex another streaming services, had to wait before they could launch their own exclusive circus in those markets. that means there has been something of a delay. the service won't launch here until november 19 of this year. in other parts of the world, it could be more than two yea rs world, it could be more than two years away before disney has another exclusive content offer for those markets. when it does launch here, it's going to be pretty aggressively priced. $69 99 for the entire year. there are some netflix packages which cost double that so it's being seen which cost double that so it's being seen as a very which cost double that so it's being seen as a very ambitious price from disney to put it out there at that level. we don't yet know how much apple is going to charge. it is
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important to note that they are not going to abandon their traditional way of making money. last year they sold more than 900 million tickets to films around the world, making more than $7 billion. they are going to continue to do that traditional method, bringing films out of the cinema and releasing them in home entertainment forms. 0nly cinema and releasing them in home entertainment forms. only after that. will they arrive on disney plus. disney's strengthen the streaming market is going to be the fa ct streaming market is going to be the fact that it's disney. this is a company which has a 100 years have hit after hit the generation after generation and they have to innovate with technology at every step of the way. the question is whether they can innovate into the streaming market but the chief executive is called this the company's biggest priority and he is right, because disney must get this right they are
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going to be popular with other generations in future. india'sjet airways is in trouble — and is having to let down some of its passengers. sharanjit leyl is covering this for us in singapore. sharanjit, this was once india's biggest private airline but now it's struggling it was a popular outline but it's saying more of its planes have been grounded. it's pushing the airline potentiallyjeopardising hopes of a new investor regularly this —— rescuing the carrier. its fleet size is less than 20 planes from 120 for six months ago and they need a minimum of 20 planes to fly overseas as required by indian regulators. they have been forced to
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ground about 80% of its fleet. jet airways is saddled with more than $1.2 billion of bank debts. they owe money to leasing firms and suppliers. nevertheless, the airlines lenders are still hope will, they are trying to seek expressions of interest from attentional buyers interested in turning around the airline. reports suggest they have so far received some expressions of interest, most notably —— notably from etihad. it was once india's leading private carrier but it's been forced to cancel hundreds of its flights, both in india and overseas, which has led to something of a customer backlash and a steady slide in market share. the global economy is at a "delicate moment" according to the international monetary fund.
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the organisation thinks growth is slowing down — and that the world economy faces many risks. this is bound to dominate the annual spring meeting between the imf and world bank. the imf boss christine lagarde has been telling darshini david about her concerns. it's a delicate moment because we we re it's a delicate moment because we were under the probable illusion that everything was fine, momentum was up, growth was in the air and i did saya was up, growth was in the air and i did say a year ago, when the sun is shining, that was growth. please fix the roof. that was structural reforms. forward one year and we have adjusted our growth forecasts.
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we are hoping for some improvement. do those risks expect those risks include anything from a hard brexit to renewed trade tensions. those are big clouds on the horizon. you examine the potential economic shock that could come through for various scenarios. where we are at the moment, we could also see prolonged uncertainty. how does that spill over into risks for the uk economy? if there was a prolonged uncertainty, we can suspect the impact from whether you are talking about investors, talking about decisions as to how to organise
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supplier, people are going to wander. how will it settle. you are a former finance minister. when you watch the negotiations, how do you think they been handled? has there been enough attention paid? you know, it's very unfair to pass judgement when you are on the outside. the thing that puzzled me backin outside. the thing that puzzled me back in early january, with representatives of the cbi and other uk industry leaders, how would i put it, huge concern. not for lack of preparation, because i think they will try to put their mind to it and roll their management teams. but
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more, the impossibility for some of them to actually organise themselves. there would be significant disruptions that they could not prepare for so that's what i found very concerning on the one hand and very sad because i grew up across the channel in the city of le havre and for me, being able to go across to the city of southampton in an easy and unhampered way was wonderful. that's brief you on some of the other stories. uber says its growth is slowing and that it lost $1.8 billion last year — on revenues of $11 billion. the details came in legal documents it filed in the run up to its stock market debut. despite the losses, its thought it's stock market launch could see the company valued at around $100 billion. the boss of boeing says that a software update designed to prevent disasters like the two recent fatal crashes involving its 737 max jets, is working. dennis muilenburg says the update
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has been successfully operated in simulators and that more tests are forthcoming. the global 737 max fleet has been grounded since the ethiopia airlines crash last month. the boss of amazon, jeff bezos has challenged rival retailers to increasetheir minimum wages to $16 an hour. the company raised its minimum wage to $15 an hour after intense criticism from campaigners. now its boss is calling on his competitors to go one better. a quick look at the markets. asian markets are awaiting further clues from china on those trade diggers which are set to be released today. most of the major indices are down following week lead. plenty more with the paper is a bit later on.
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0verall levels of violence in england and wales appears to be declining, in spite of an increase in knife crime, according to a new study. cardiff university's violence research group looked at data from a&e departments, minor injury units and walk—in centres to determine the number of people who'd been wounded during a violent incident. our home affairs correspondent danny shaw reports. every day, there are more vic gems of knife crime. last year, more people were fatally stabbed in england and wales than at any time since records began after the second world war but does this mean we've become a more violent society? a new study from cardiff university
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suggests not. researchers used data from accident and emergency departments to calculate the number of victims of violence. it was estimated that 187,500 people sought treat last year for injuries after being attacked. that's down 1.7% in 2017, continuing a substantial long—term reduction. this study also found that fewer children and teenagers were treated in hospital after being assaulted. this really means that we don't, all of us, need to be more scared than we used to be. violence involving knives is localised, it affects relatively small numbers of people so overall, the risk to us all is decreased. according to the survey, there was a small increase in the number of women who were attacked and injured and a rise of more than 5% among men and a rise of more than 5% among men and women aged 51 and over. reasons for that are run clear. 0verall,
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though, it seems hospitals are seeing few of them is of violence that many more people have been attacked with knives. danny shaw, bbc news. for that story and more breakfast will be at six o'clock with charlie stayt and naga munchetty. they'll have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines: sudanese protesters say they'll continue their demonstrations until power is handed to a civilian administration. an investigation has begun into why the first privately funded mission to the moon ended in failure. after a decade of legal battles — a french cereal farmer has won his case against the us agricultural firm monsanto over the safety of its weedkiller. now it's time to look at the stories that are making
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the headlines in the media across the world. we begin with the new york times and wikileaks founderjulian assange who was arrested on thursday in london and is now to face a charge in the united states of conspiring to hack into a pentagon computer network in 2010. the arab news leads with sudan and after several months of protests against his rule, president 0mar al—bashir has been overthrown and arrested during a coup by armed forces. protesters have ta ken to the streets demanding the military hands over power to civilianauthorities. the sun likens uk prime minister, theresa may, to a zombie as she blanked calls for her resignation and continued to pursue soft brexit talks with main opposition party labour. mrs may has stressed that the talks if successful could help britain leave the eu before before the halloween deadline. meanwhile the guardian says the uk government has
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stood down an army of 6,000 civil servants who had been preparing for a no—deal brexit, at an estimated cost of £1.5 billion. the civil servants who had been seconded from elsewhere will now return to their normal duties. however there is now no clear role for an estimated 11,500 new recruits following the latest article 50 extension. and finally, should we be thinking more carefully before we speak to amazon's alexa digital assistant? according to the daily mail, teams of engineers tap into conversations people are having with their amazon device in order to check that the system is working properly. let us know, get in touch with us on twitter. let's discuss the stories.
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