tv Business - News Deutsche Welle November 21, 2022 11:15am-11:31am CET
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our fans here has been encouraged to focus on the football, based on the opening game performance, perhaps that could sorry team should do the same. a watching d. w is just a quick reminder of our top story ukraine's president soleski says russia launched over 400 strikes against the eastern don boss region. on sunday, those investigators and key of said more than a 1000 civilians have been killed since the start of the war. up next, janelle milan brings us the latest business. there's thanks to bring with again they get all the harvesters. are immigrants going to say everything you enjoy, eating at home with your family, was harvested by people who are being exploited. and then i d 's for free and
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we're going to need to a home can we can keep doing what we're doing. and that's why your green revolution is absolutely necessary. europe revealed the future is being determined. now, our documentary theory will show you how people, companies and countries are rethinking everything. i'm making make changes. europe revealed this week on d. w. y . ah, the world cup has kicked off in guitar in the most expensive edition of the games ever conduct it, but it's the human cost that we heavy. it's also on the show, a veritable earthquake at disney as a former boss, coming out of retirement,
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to save the entertainment giant and a climate friendlier way to make concrete. one start up in berlin says it's discovered why this is the double your business. i'm janelle dumas, welcome football fans around the world have their eyes on guitar, where the world cup has started for the host nation losing its 1st match on sunday . the tournament is highly controversial and expensive. the costs have already exceeded $200000000000.00 and could go even higher. the scale of guitars investment is unparalleled. previously the most expensive road cops were the 2014 tournament in brazil and russia in 2018, which both cost less than $15000000000.00. the 2006 world cup in germany cost just 4300000000. why the high cost?
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well, infrastructure doesn't come cheap. that includes new stadiums at a cost of fix that point. a $5000000000.00. 7 of the 8 road co venues have been built from scratch. then there's none. football infrastructure guitar built a new metro system, an international airport roads, hotels and leisure amenities. much of it is part of the gulf states a wider public investment project known as guitar. national vision 2030. so we want to thought to an expert on that, but we're having technical problems at the moment. and we might be back with him later for now. some of the other global business stories making news. after another spike in coven infection, numbers rules at restaurants, and many businesses have enclosed in several districts. in b jane, china's reason efforts to make its coven 19 curves more targeted, had sparked investor hopes of a more significant easing. legendary
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u. s. investor warren buffett is placing a big bet on japan, with berkshire hathaway, expanding its stake in the countries a 5 top trading firms. naming the mitsubishi and that suey, berkshire, now on 6 percent of each and plans on buying up to 10 percent. twitter owner, ilan mosque has ended his platform span of former u. s. president donald trump, but trump has not yet tweeted. experts say he might have contractual obligations to stay exclusively on his own platform through thoughtful to satisfy investors. their disney has asked alice, their chief executive bob to top back and bring back the former c o. bob eager. under even leadership a disney acquired peg serv, marvel and lucas film. over the past 2 years, under his successors rain, the company got in more turbulent waters. with its shares dropping by 40 percent.
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john ellen's is international editor at broadcast magazine, which specializes in the media industry. let's start with shot back. why was he alice did? hi janelle, well i did. the news came as a shock to most people who are in the same business. it doesn't really give an indication the, the release sent by disney has to why he was. i think if you look at what is going on recently, it's been a very difficult for economic landscape for the entertainment industry. and disney is included in included in that despite being one of the biggest companies in the world, it, it missed its revenue targets. and that was projected in its last quarter by about 1200000000, i think, which isn't lost in the grand scheme of things. and it was up year on year. but, you know, i think when you're, you're, you're, you're, you're kind of fighting at the top of the market. it can,
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these kind of small blips can, can, can escalate a bit. and he also was presided over disney during a couple of very, quite high profile kind of missteps in terms of public relations. and there was a few with scarlet handsome stuff, the moral films in blackwood are about to release the film black widow last year, which led to some kind of ill, ill. well, in some lawsuits which was settled eventually. and then also he was, you know, he was kind of castigated for his stance over the don't say gay bill in florida. disney silence was, was, was palpable allowed. and he got a lot of condemnation from scott because they're very inclusive employer and the employee spell. but he hadn't spoken out strongly enough and then when he did speak out strongly, he kind of went the other way and he threw some criticism from the local,
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the local politicians, including dissenters, whose of late i'm running for president. so quite, quite a couple of reasons. they're about looking ahead. what challenges does bob eiger face in this role? well, i think he faces the, the, the, you know, the economic headwinds, the, the, the entertainment industry is, is facing at the moment. you know, all the big companies that have streaming platforms, netflix, amazon, disney plus what brought discovery with hbo max though for facing really tough choices in terms of how to make sure that their, their businesses are profitable. i think that, you know, wall street analysts have moved on from the idea of subscriber growth being the key metric to success. and it's all about profitability. so they're having to make some really tough decisions, including job cuts and stuff like that and content spend. so he's facing that problem, and there's also the fact that he, you know, he retired 11 months ago. he was 11 months into his retirement hid,
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overseeing disney, at the peak of its powers. you know, the, i should, in the launch of disney plus the sale, assorted the acquisition of 21st century. that he really done what he, i suppose he felt his job was and you know, he's 71 years old and he was enjoying retirement. so he's come back into the job to probably study a ship and, and ultimately find a successor for himself because he's only on for 2 years ago. yeah. so he's got a few things in his ledger. thank you very much. john al, says international editor, broadcast magazine, thank you for your time today. you know, returning to our main story guitar and the most expensive world cup of our time and joined by dan fun. lee specializes in sport finance ad sheffield helen university. a. welcome dan. first of all, can you tell us why has this world called turned out so much more expensive than previous iterations?
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yeah, i think it was always going to be, we're seeing kind of the boston raise higher and higher. and, you know, russia was no different to that, so i think we were expecting that kind of very much off the scale that was well in terms of the gap. so a lot of that is due to the infrastructure costs, to be honest, this, the facilities where varying, where they've been in the countries in the past. so a lot of the money that we've seen it actually gone into longer infrastructure projects, which was, you know, building stadiums in transport links. so that's why a lot of the cost is going now for the tournaments are notorious, of course for creating white elephants. we know that, do you think these are wise investments on guitars part? i think that there's always danger when they get we've seen that in some football in nations that have been, you know, more responsive. in the past we've had issues with brazil in south africa. so it is a risk and it's always risk with any major sporting events. and some of the things that consolidate trying to do, we're trying to be a little bit indivisible. so the stadium that's built from getting. ready content
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is that can be taken down and reconstructive elsewhere, but you will run the risk with a major supporting tool and then you'll stadiums a left. but on use when everyone's come home. and i think that will still be a risks. are especially given the domestic league system is not as advanced as other countries yet. so yeah, it will be a problem. but it's a problem with every sporting event. now that has all kinds, of course, at a terrible human cost, as we've been saying, what has the impact of documented abuses against migrant workers been on the conduct of this world called i think it a so we've been there in the background, has in it and we're talking about this, you know, we've been talking about these issues for 12 years now and that we are here. ready we are, will cope and make they ultimate decision on who host that's on them. and so we have to go back right to the very decision making process. and we were always going to see the biggest cost in terms of the well,
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of course we're financially and there's been other issues as well as a detriment that it's ornament in the build up to it. i think again, you know, this was bigger than the welcome as well. it was just about hosting the ultimate focus. it was about a number of the reasons as well, with the cost because of the human rights abuses. and the corruption allegations, of course, to boy caught the world, caught, you know, whether it's venue is ongoing games or fans themselves. choosing not to watch. do you think that's made any kind of difference? i think to the individual in and for, for cause is collectively it will feel like it made a difference. but i think, you know, all of the other side of that is that, of course the tournament is still taking place and people have made those individual decisions. and we ought to respect those individual decisions. but the world will happen. we will deal with the legacy to comb, and it's really tricky because you con, no one person can't just solve the problem. it has to be a collective,
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but you have to respect the individual choices in decision making. of course, with regard to that has done enough i think that the question of fee is with the interesting only because as i said before, you know it is that decision ultimately in terms of how to tell them and that decision financial a bad decision in terms of responses that they were within the commercial packages that they've gotten place. one thing that is always clear with the various that that revenue, when that whole business model is geared around the world. cool, you know, they make, they make losses in the years where they're not willing to go on and they said the profit when there is a well on. so there is huge financial pressures that go within this model. and all that is collides. and there's most big picture sort of course that explains that the ultimate lay and whether or not they've done enough, you know, people will differ on their opinions of that, but ultimately effect holding terms of who host it's on them and they have, they own the rights to that so they have obviously made this decision with guitar,
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but this might go beyond the world. can you have a sense of how much katara paid to build its influence and the football world beyond this tournament? yeah, i think we will see that progress over time as well. let you know that the estimated cost of this tournament around $220000000000.00. that's the highest figure. we've seen rows from a cost of around $65000000000.00 when at the. ready was signed, so we've seen that money go into this one and so far wishing wider expansion as are into the football world. and also you know. ready their outlet in the middle east across both as well. not just all. and i think we will see that continue into the future. and that will cost a significant amount of money. but we know that the financial resources. ready you know, he's not really an option here. it's not as much of a problem. it's about all the factors and leverage in those countries in using for a dr. thank you, dan probably have teachers,
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sports finance at sheffield. tell them university. thanks for your insights. so a, just a few weeks ago, paris is getting into the christmas spirit this weekend lighting of shanice holiday and major attractions across town. but amid the energy squeezed, the committee in charge of says, the mites will be turned off much earlier every night than in previous years. a step that should save 44 percent of energy during the festive period. france like other european countries, has already turned down thermostats. and swimming pools, sports halls, and other venues in an effort to save energy. 5, thanks for watching. ah ah, he cool african with climate change. with lighting the lives of ivory coasts, farmers. their crops are especially vulnerable. a possible solution.
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i grew forest tree. more and more farmers are warming up to it, but how sustainable is this new system, pico africa with the next? on the dublin, we've got some hot tips for your bucket list. romantic corner trip. hot spot for food and some great cultural memorials to boot w travel off we go ah, with nature opens us many resources, but we don't always use them optimally sound and the wind r a.
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