as a former boss, coming out of retirement to save the entertainment giant. this is the w business. i'm janelle dumas on. 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 cost of already exceeded $200000000000.00 and could go even higher. the scale of guitars, investment is unparalleled. previously the most expensive road cops where 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. while the high cost, well, infrastructure doesn't come cheap, that includes new stadiums at a cost of fixed point, $5000000000.00. 7 of the 8 road cut venues have been built from scratch. then

there's non football infrastructure. guitar built a new metro system and 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, i'm joined by don. finally, specializes in sport finance at sheffield harlem university. welcome dan. first of all, can you tell us why has this world called turned out so much more expensive than previous iterations? yeah, i think it was always going to be, we've seen kind of the fall has been raised higher and higher. and, you know, russia was no different to that, so i think we were expecting this is kind of very much, you know, off the scale there as well in terms of that. yeah. so a lot of that is due to the infrastructure cost, to be honest, is the facility wearing and they've been in other countries in the past. so a lot of the money that we've seen has actually gone in to longer term infrastructure projects, which was, you know, building stadiums and transporting. so that's where a lot of the cost is going now forth tournaments are notorious,

of course for creating white elephants. we know that, do you think they are wise investment fund guitars part i think that there's always danger when they get we've seen that in some, for all the nations that have been, you know, more responsible in the past. we've had issues with the nail in south africa, so it is a risk and it's always a risk with any major sporting events. and some of the things that are trying to. ready we're trying to be a little bit individually. so the yeah, there's a stadium that's built from getting containers that can be taken down and reconstructive elsewhere, but you will always run the risk with a major supporting tool and you'll stadiums a left. but. ready 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 that we support now, that has all come, of course, at a terrible human cost. as we've been saying, what else? the impact of documented abuses against migrant workers been on the conduct of this

world court. i think it's always 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. we are up and we'll cope and make the ultimate decision on who have stuff on them. and so we have to go back right to the very start decision making process and we were. ready going to see the biggest cost in terms of the well financially, and there's been other issues as well as detriment at the time and 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 2nd thought it was about a number of other 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 don't join games or fans themselves, choosing not to watch. they think that's made any kind of difference. i think to

the individual unfair because it's collectively it will feel like it's made a difference. but i think, you know, the other side of that is that of course the tournament is still taking place and people make those individual decisions. and we have to respect those individual decisions, but the will will happen. we will deal with the legacy coleman. it's really tricky because you con, no conscious solve the problem. it has to be a collective. but you have to respect individual choices in decision making. of course, with regard to that has done enough i think that the question of faith is either with the interesting one, because as i said before, you know, is that decision ultimately in terms of who hospital and financially decision in terms of responses. but they were within the commercial packages in place. one thing that is always clear with the various revenue in that whole business model is

around the world. you know, they make, they make losses in the years where there's not will to go on. and they said in a profit, when there is a welcome on. so there is huge financial pressures that go within this model. and all that is collides and there's a bigger picture of the cost that it would be taken ultimately. and whether or not they've done enough, you know, people will differ on their opinions of that. but ultimately, if that whole in terms of who host it's on them and they have, they own the rights to the hell they have all this, he made this decision with guitar, but this might go beyond the world. can you have a sense of how much guitar is paid to build its influence into football in world beyond this tournament? yeah, i think we will see that progress over time as well. you know, the estimated cost of this tournament around $220000000000.00. that's the highest figuring. ready that's. ready rose from the cost of around $65000000000.00 when the deal was signed. so we're seeing that money. you know, going to this one so far. we've seen wider expansion of our into the full world.

and also, you know, with a route less in the middle east across all the sports as well. not just for 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, you know, he's not really an option here. he's not as much of a problem. he's about a lot of factors and, and leverage in those countries in using school as a drive. it's about. thank you for calling a teacher, sports finance at sheffield. how them university. thanks for your insights. some of the other global business stories making news after another spike in coven infection, numbers schools, restaurants, and many businesses have been closed in several districts in beijing. china, as recent efforts to make its coven 19 current more targeted at spark investor hopes of a more significant easing. legendary u. s. investor warren buffett is placing a big bet on japan,

with berkshire hathaway expanding its steak and other countries, a 5 top trading firms. in the mitsubishi and zooey are a chair 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 us 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. there. a disney has asked ousted chief executive bob to traffic and bring back the former c e o. bob eager under even leadership and disney acquired take serve marvel and lucas film. over the past 2 years, under his successors read the company got in more turbulent waters with the chairs up dropping by 40 percent. john ellen's is international editor at broadcast magazine,

which specializes in the media industry. let's what shot back. why was he else did? hi janelle, well i did. the news came as a shock to most people who are in the entertainment business. and it doesn't really give an indication the, the release sent by disney as 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 a, by about 1200000000, i think, which is them to 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, the market. it can, these kind of small clips 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 feud with scarlet handsome stove, the model, films, and black with are about the release of her 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, and 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 there are very inclusive employer. and then the employee style, 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, the local, the local politicians, including the santas use of slee, i'm sorry,

and running for president. so, quite, quite a couple reasons there. but 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 or boss discovery with hbo, max, they're all 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 retired 11 months ago, he was 11 months into his retirement kid, overseen disney,

at the peak of its powers. you know, i should in the law trip disney plus the sale a so i the acquisition of 21st century that he really done what he, hi, spose 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 on the on for 2 years ago. yeah. so he's got a few things in his ledger. thank you very much. john allen, from international broadcast magazine. thank you for your time today. if you south, just a few weeks ago, paris is getting into the christmas spirit this weekend lighting of shawn holiday and major attractions across talent. but amid the energy squeezed, the committee in charge of 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 out thermostats and swimming pools, sports halls, and other venues in an effort to save energy fight. thanks for watching. ah ah ah, with

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