27/09/2013

Download Subtitles

Transcript

:00:00. > :00:00.accounts. Those are the latest headlines. It is time for the money

:00:00. > :00:26.BlackBerry make confirm it lost billion in the last three months, as

:00:26. > :00:33.fears grow about the company 's survival. Is Britain cheating at

:00:33. > :00:42.games? Brussels and London square off over tax breaks to the computer

:00:42. > :00:53.entertainment industry. This is World Business Report. In just a

:00:53. > :01:00.announced its biggest shareholder of the road for the BlackBerry?

:01:00. > :01:04.announced its biggest shareholder had thrown it a lifeline, with a

:01:04. > :01:06.$4.7 billion takeover offer. There are now fears that the deal will not

:01:06. > :01:09.actually go through, or even if are now fears that the deal will not

:01:10. > :01:17.does, that BlackBerry stays as a phone maker are numbered. —— days.

:01:17. > :01:21.It releases results from the last caught in just a few hours. It has

:01:21. > :01:23.already warned that losses could be almost $1 billion to the end of

:01:23. > :01:50.fanfare. Piles of unsold smartphones almost $1 billion to the end of

:01:50. > :01:52.have resulted in a hefty loss of almost $1 billion this quarter.

:01:52. > :01:56.After announcing another round of hefty job cuts, it has at least

:01:56. > :02:06.shareholder, Fairfax financial, hefty job cuts, it has at least

:02:06. > :02:12.Investors seem sceptical, with blackberries and shares falling

:02:12. > :02:13.below the offer price. This week, the business partners have begun to

:02:13. > :02:23.deserted. T Mobile says it will the business partners have begun to

:02:23. > :02:27.longer stock BlackBerry handsets. BlackBerry has a collection of

:02:27. > :02:31.valuable patents that is attractive to the buyer. There is a risk that

:02:31. > :02:34.BlackBerry may just be stripped to the buyer. There is a risk that

:02:34. > :02:45.assets, and the iconic handsets could disappear from stores for

:02:45. > :02:52.ever. With me now is a rentable technology analyst. Thank you for

:02:52. > :02:58.joining us. How would you describe the future of BlackBerry? I would go

:02:58. > :03:02.so far as to say it is doomed. It is a difficult time for the company,

:03:02. > :03:11.with massive mounting losses, a commissioning market share, ——

:03:11. > :03:11.diminishing market share, and mobile phone networks are dropping the

:03:11. > :03:16.way forward for them. Let us talk platform. It is difficult to see a

:03:16. > :03:16.way forward for them. Let us talk about the lifeline that was thrown

:03:17. > :03:28.will lead us consortium and by the about the lifeline that was thrown

:03:28. > :03:28.will lead us consortium and by the it is good news for shareholders. It

:03:28. > :03:34.looks as if there is an opportunity it is good news for shareholders. It

:03:34. > :03:42.tried to run the company already Whether Fairfax is interested in

:03:42. > :03:47.acid —— asset stripping exercise. seen. It looks much more like an

:03:47. > :03:48.acid —— asset stripping exercise. Perhaps they will hive off the

:03:48. > :04:01.smartphone Manufacturing suffered a business, or even shut it down.

:04:01. > :04:06.It is looking likely that we will Manufacturing side of the business.

:04:06. > :04:10.It is looking likely that we will not see black area handsets. What is

:04:10. > :04:18.more likely is that we see other pet running BlackBerry software. You

:04:18. > :04:24.talked about the portfolio, that that that is what Fairfax is after.

:04:24. > :04:29.Reminders of some of the powerful patents that the BlackBerry owns.

:04:29. > :04:37.They are in some basic of colleges. They are in patents about replacing

:04:37. > :04:41.keyboards on mobile devices, they are in strong patents around that.

:04:41. > :04:45.They own patents on navigation buttons around phones, the ability

:04:45. > :04:49.to move forwards and backwards throughout applications. These are

:04:49. > :04:52.intrinsic things we are seeing built into all smartphones. The revenue

:04:52. > :04:58.loss that —— generate a lot of revenue. What about business is

:04:58. > :05:01.continuing to use BlackBerry in revenue. What about business is

:05:01. > :05:12.future? Due to the Hyatt security values of the BlackBerry, —— Hyatt

:05:12. > :05:21.security values. —— high security values. No service was going to

:05:21. > :05:36.devices for several days. During particularly Apple —— Manufacturer

:05:36. > :05:42.have to keep because I on this as the share value keeps falling. Many

:05:42. > :05:46.thanks for your analysis. Let us stay with the world of technology. A

:05:46. > :05:49.row is brewing between Brussels stay with the world of technology. A

:05:49. > :06:00.the UK over the multibillion—dollar European commission is investigating

:06:00. > :06:15.rest of the UK. Here I am, at the ace —— attack scheme. It is worried

:06:15. > :06:19.rest of the UK. Here I am, at the Euro game expo, 2030 —— 2013. It is

:06:19. > :06:23.a fantasy for gaming lovers to come to London to try out the newest

:06:23. > :06:24.a fantasy for gaming lovers to come the best video games, like this

:06:24. > :06:27.a fantasy for gaming lovers to come marble game, developed in the UK,

:06:27. > :06:32.for the very first time. Just into Christmas will stop with 33 million

:06:32. > :06:36.people playing videogames in the UK, it is a serious business. Big

:06:36. > :06:43.names are designed and produced here. Grand theft auto five smashed

:06:43. > :06:48.records to notch up $1 billion in sales in just three days. Gaming

:06:48. > :06:55.insiders and government alike worry that the chances of replicating

:06:55. > :06:59.jeopardised. This is largely due to a row brewing during the UK and

:06:59. > :07:03.Europe, over whether to allow tax breaks for the gaming industry here.

:07:03. > :07:10.The European commission says such commission —— concessions could

:07:10. > :07:17.distort cognition. I do not want to decision will be. I believe we put

:07:17. > :07:20.committed in Britain to having it, because we believe that games are an

:07:20. > :07:24.important cultural product, we believe they need support just as

:07:24. > :07:31.Bill Gates support, just as TV get support, animation get support ——

:07:31. > :07:38.film gets support. We need that support in order to maintain these

:07:38. > :07:38.important cultural programmes. Newcomers to the British gaming

:07:38. > :07:41.industry like the designers of this Newcomers to the British gaming

:07:41. > :07:41.industry like the designers of this surgery simulation game leave the

:07:41. > :08:02.years, we lost an edge for games surgery simulation game leave the

:08:02. > :08:02.years, we lost an edge for games introduced tax breaks many years

:08:02. > :08:10.key talent from this country, to ago. They attracted many —— a lot of

:08:10. > :08:10.key talent from this country, to overseas. This tax break is very

:08:10. > :08:12.necessary for the UK, and as a overseas. This tax break is very

:08:12. > :08:16.necessary for the UK, and as a whole, for the European Union, to be

:08:17. > :08:20.able to retain, and mediaeval —— even get to the talent back. It

:08:21. > :08:23.able to retain, and mediaeval —— view shared by gaming veterans,

:08:23. > :08:32.the industry is increasing cultural believe the tax breaks would reflect

:08:32. > :08:34.the industry is increasing cultural misunderstood. Film has always had

:08:34. > :08:40.support, more recently, high—end TV and animation. It seems to be a

:08:40. > :08:48.misunderstanding about what the Clearly, you consider cultural

:08:48. > :08:56.transport, smartphones, everyone is playing games. It is mass market. ——

:08:56. > :09:02.clearly has context and relevance. We must prove that. For those who

:09:02. > :09:05.can tether themselves away from We must prove that. For those who

:09:05. > :09:15.computer screens, it is all eyes on Brussels. Other news. The boss of

:09:15. > :09:21.JPMorgan Jamie Dimon has met with the US Attorney General to try and

:09:21. > :09:24.find a settlement over its role reports suggest the bank could make

:09:24. > :09:28.a pay—out were the $11 billion. reports suggest the bank could make

:09:28. > :09:33.would be the latest legal blow for the investment bank, which pick

:09:33. > :09:35.would be the latest legal blow for fines of almost $1 billion last

:09:35. > :09:40.would be the latest legal blow for for failing to stop the London whale

:09:40. > :09:43.trading scandal. British consumers are at their most confident in six

:09:43. > :09:49.research company JFK. The report years, that is according to market

:09:49. > :09:52.research company JFK. The report comes after date on Thursday showed

:09:52. > :09:57.fastest pace in three years in the second quarter. They say rising

:09:57. > :10:00.confidence is good news for the second quarter. They say rising

:10:00. > :10:04.government. They want if it is not recovery is real, or will prove

:10:04. > :10:06.government. They want if it is not be a credit fuelled bubble. Time to

:10:06. > :10:12.look to see how markets in Asia be a credit fuelled bubble. Time to

:10:12. > :10:13.stock has lowered, despite the getting on stop in Tokyo, we can see

:10:13. > :10:16.stock has lowered, despite the positive lead from Wall Street,