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 costs have 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, a $5000000000.00. 7 of the 8 road cut venues have been built from scratch. then

there's non football infrastructure. katara 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 hallam 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 it is due to the infrastructure cost, to be honest, is the facility we're very, it's all and they've been in other countries in the past. so a lot of the money that we've seen is actually gone in to longer term infrastructure projects, which was, you know, building stadiums and transport links. 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 response than are in the past. we've had issues with the nail in south africa, so it is a risk and it's always risk with any major sporting events. and some of the things that are trying to do, we're trying to be a little bit individually. so the, you know, there's a stadium that's built from getting containers that can be taken down and that we have elsewhere, that you always run the risk with a major supporting tool and then your stadium left. but when you, when everyone's come home, and i think that will still be a risks are especially given that domestic league system is not as advances of the 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 called 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. ready we are will cope and make. ready that decision on who have stuff on them and so we have to go by right, very decision making process and we. ready we're going to see the biggest cost in terms of the well, we're 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 ultimate it was about a number of 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 10 years on trying 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 made a difference. but i think, you know, the unified 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. forget to call them. and it's really tricky because you con, calling, just solve the problem. it has to be a collective and you have to respect individual choices in decision making. of course, with regard to that has done enough i think the question here is either with the interesting one because as i said before, you know, it is that decision ultimately in terms of who told them and, and financial a bad decision in terms of responses that they were within the commercial place. one thing that is always clear with the parents that revenue in that whole business

model is around the world, you know, they make, they make. ready last in the years where there's not, will go on and they send a profit when there is a coupon. so there is a huge financial pressures that go within this model and all of its collides. and there's most big picture costs that exceed 50. ready 1000000 and whether or not they've done enough, you know, people will differ on their opinions about the ultimate, like holding terms of who host it's on them and they have, they own the rights to the hell they have obviously 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 footballing 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've seen that one a, you know, go into this one so far. we've seen wider expansion of our,

into the world. and also, you know, with a route less in the middle. ready east across all the sports as well. not just for all and i think we will. ready 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 is about all the factors and leverage in those countries in using school as a dr. phillip. thank you, tom tom, i teach a sports finance at sheffield, how them university. thanks for your insights. some of the other global business stories making use. 2 after another spike in coven infection, numbers schools, restaurants, and many businesses have been closed in several districts. in beijing, china's recent efforts to make its coven 19 current. some were targeted, had sparked investor hopes of a more significant easing. legendary u. s. investor warren buffett is placing a big bat on japan with berkshire hathaway,

expanding its steak and other countries, 5 top trading firms in the mitsubishi. and we 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 chop back and bring back former c o. bob eager under even leadership and disney acquired, exert marvel and lucas film over the past 2 years under his successors reading, the company got in more turbulent waters with the chairs up dropping by 40 percent . john allen's is international editor at broadcast magazine,

which specializes in the media industry. let's what 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 entertainment business. 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 there 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 your, your, your, your kind of fighting at the top of the, the market, it can, 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 of the model, films and blackwell about the release of her film like widow last year, which led to some kind of ill, ill, well. and some lawsuits which was settled eventually. and then also he was, you know, and he was kind of castigated for his dance 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 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 do some criticism from the, the local, the local politicians, including the scientist who's honestly i'm studying running for president. so quite,

quite a couple of reasons for there, but looking ahead, what challenges does bob, i go fish in this role? well, i think he faces the, the, the, you know, the economic headwind, 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 one bravo, discovery with hbo, max, they're all for facing really tough choices in terms of how to make sure that, that their, their businesses are profitable. i think, 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 the spacing 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 to, you know,

should in the launch of disney plus the sale. so the acquisition of 21st century that had really done what i suppose he felt his job was and you know, he 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 the success of 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 alpha international at a pre cast magazine. thank you for your time today. if you so just a few weeks ago, paris is getting into the christmas spirit this weekend lighting of shots, holiday, and major attractions across talent. but amid the energy squeezed, the committee in charge of as a whites 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 with ah, with

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because no one should have to flee. make up your own mind. d. w. made for mines. ah ah ah! this is the w news live from bergen. russian artillery pounds. ye christ, easton don bass region, but in some parts relief after the retreat. they w head to a village in the new lead, the brightest hess on reaching, where people were count the experience of life underbrush and control. also coming up.