for my boss coming out of retirement to save the entertainment giant. this is the w business. i'm janelle dumas and welcome football fans around the world have their eyes on could tar, where the world camp 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 cuts for the 2014 tournament in brazil and russia in 2018, which both cost less than $15000000000.00. the 4006 fraud cut 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. katara build a new metro system and international airport roads, hotels, and leisure amenities. much of it is part of the gulf states wider public investment project known as guitar. national vision 2030, i'm joined by don lee, specializes in sport finance at sheffield halloween diversity. 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. 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 that was well in terms of that. yeah. so a lot of that is due to the infrastructure cost, to be honest, is the facility where bearing and they've been in other countries in the past. so a lot of the money that we've seen is actually gone into longer term infrastructure projects, which was, you know, building stadiums in transport, leaving. 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 and we've seen that in some, for all the nations that have been, you know, more responsive 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, you know, there's a stadium that's built from getting containers that can be taken down and reconstruct elsewhere. but you always run the risk with a major supporting tone 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 the domestic league system is not as advanced as other countries yet. so yeah, it will. ready problem, but it's a problem that we support now, that has all kinds 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 we are here. ready we are up and we'll cope and make the. ready decision on who have stopped ornaments, so we have to go back right, very start decision making process and we. ready we're gonna see that the biggest cost in terms of the world financially, and there's been other issues as well as a document that it's on them and in the build up to it, i think again, you know, this was bigger than the welcome as well. it wasn't just about hosting. 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, 20 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 coleman. it's really tricky because you con, conscious of 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 of faith there is either. ready the interesting one because as i said before, you know, it is that decision ultimately in terms of who has to go on and this isn't financially decision in terms of responses, but they weren't within the commercial just going lice. one thing that is always clear with the various that revenue in that whole business model is good around the

world. cool, you know they make they make. ready last in the years where there's not willing to 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 it collides and there's more bigger picture costs that exceed the. ready limit lay 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 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 football 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 a 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, a teacher, sports finance at sheffield. how them university. thanks for your insights. some of the other global business stories making use. 2 after another spike and cove infection numbers, schools at 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 us investor warren buffett is placing a big bet on japan with berkshire hathaway,

expanding its stake in the 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 platforms been a 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 to throttle to satisfy investors. there. a disney has asked ousted chief executive bob to traffic and brings her 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 the 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, 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 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 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 do some criticism from the local, the local politicians, including the scientist who's honestly i'm studying running for president. so quite,

quite a couple of reasons there, but looking ahead, what challenges at this point i go fish in this role? well, i think he faces the, the, the, you know, the economic headwinds, the, the, the entertainment industry is facing at the moment. you know, all the big companies that have streaming platforms, netflix, amazon, disney plus one bras, 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 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 contents bend. 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 hid, overseen disney at the peak of its powers to, you know,

i should in the launch of disney plus the sale. so i 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 for a steady 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 broadcast 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 the mites will be turned off much earlier every night than in previous years and stuff 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. 5, thanks for watching. ah ah. ah, with

ah, i'm 3 suit, a new era. bollywood is out. creators are inventing new spaces and method with more courage, diversity and freedom. making us blush and shaking things out. i think that's what i can do to shift things around, but it's not working. i need to be in the spotlight of the world cup guitar. we're traveling to the desert nation to investigate just how accurate are the allegations of life threatening working conditions, censorship, discrimination,

and environmental pollution. up in 75 minutes on d, w. making the headlights and what's behind d. w. news, africa. they show that the issues in the continent life is slowly getting back to normal. yeah. well the streets to give you enough reports on the inside our correspond with bonnie, the brown reporting from across the continent and all the trend stuff. the mazda u. t. w. news africa every friday on d. w. a lot is history. when i arrived here, i slept with 6 people in a room 90 my. it was hospital. i even got white hair in learning the language head lot. this kids to

me and great. but trinity to interact with, you want to know their story, migrant verified and reliable information for migrant. ah ah, ah, this is day w. news live from burly russian artillery pounds, ukraine's eastern don best region. but in some parts relief after the retreat. they w head to a village in the newly liberated hassan region where people recount the experience of life under russian control. also.