in the next few hours, after 118 days on strike. the dispute over pay, conditions and the threat of artificial intelligence to performers�* livelihoods has paralysed production at film studios and streaming services. it comes after the alliance of motion picture and television producers, representing the likes of disney and netflix, made a best and final offer to the union. suranjana tewari in singapore has been following the story. this is a huge for the business of hollywood?— this is a huge for the business of hollywood? that's right this is the sag-aftra _ of hollywood? that's right this is the sag-aftra and - of hollywood? that's right this is the sag-aftra and it - is the sag—aftra and it represents a lot of the actors who play the smaller roles, the lower level actors and they have reached a deal with the union that represents big streamers like disney and netflix. as you mention, they were one of two unions to go on strike this year, the others being the writers guild. it still needs to be approved by the board, this deal. it is valued at more than $1 billion for the next three years. it does not include increases in minimum salaries and the new streaming participation bonus, according to the union. the deal also provides protection against unauthorised use of images. these actors are really concerned about artificial intelligence being able to make doubles of them and so they would not need to go to their jobs in person and these streamers will be able to continue making content. we will find out more details after that board meeting later on today. after that board meeting later on toda . . ~ after that board meeting later on toda . ., ~ ,, after that board meeting later on toda. ., ~ i. after that board meeting later ontoda. . ~' . on today. thank you so much indeed. the news comes as one of the biggest players, disney, has been giving its latest update to investors. its share price has slumped to the lowest in a decade, on concerns about the decline in traditional tv channels. last year disney brought veteran ceo bob iger out of semi—retirement to try and turn the company around and regain investor confidence. he has pledged to cut costs by more than 7 billion dollars. and the signs are that it is paying off, as michelle fleury reports. it is nearly a year since bob iger made his shocked return to disney following his retirement and having restructured its operations, mr iger, who was on his second go around leaving the media giant, said disney is now moving to its next phase. while we still have work to do to continue improving a result, progress has allowed us to move beyond the spirit of fixing and begin building our business again. an example of that, next month disney will launch a beta test of an app that combines disney+, streaming service, with hulu, another streaming servers. itjust bought the remaining stake in hulu from comcast. this comes as dreaming losses are and is disney + added 7 million subscribers, that is nearly double forecasts. it is also investing money in its theme parks, which continue to grow. we switched places whenever we use them. ., ., ., , and new films like the marvels, due out this friday, should help its film studio which is focusing on making less stuff of higher quality from its existing franchises. still, not everything is rosy. for example, disney�*s abc network and other stations of lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and there is still the question, what does disney plan to do with espn? its sport service which many wonder whether or not it will sell off in the future. on that, mr iger got did not offer much commentary. let�*s go to los angeles and speak to guy bisson. who covers the media industry for ampere analysis. before we talk about disney more specifically, let�*s talk about the whole industry. this strike looks like it is over, it has to be good news? it strike looks like it is over, it has to be good news? it has to be good _ it has to be good news? it has to be good news. _ it has to be good news? it has to be good news. it _ it has to be good news? it has to be good news. it will - it has to be good news? it has to be good news. it will be - to be good news. it will be very welcome from the streamers and the studious and at the flipside of courses while that strike has been on, they have been saving a great deal of money, up to £1 billion in additionalfree cash money, up to £1 billion in additional free cash flow going to disney, netflix and others because they have not been spending on that content, but, as your reporter alluded to, it will create issues next year with supply. it is a very good thing it has come to an end. this strike has come to an end, which is good news for all involved, but actually what does it mean for the big movie companies like disney going forward? it us through that, the challenges for disney going forward. ~ . ., , forward. well, the challenges forward. well, the challenges for the streaming _ forward. well, the challenges for the streaming industry - forward. well, the challenges| for the streaming industry are that investors have turned somewhat against the model, in respect that it has been loss—making for all of the studios since they launched, effectively, and if the turnaround that is required is to move the streaming business into an error of profitability into an error of profitability in short order. ——an era. they have been streamlining and cutting back at disney, making less movies next year, potential sales of assets, looking at the future of libya tv networks, streamlining the business, selling off. —— linear tv. business, selling off. —— lineartv. looking business, selling off. —— linear tv. looking to profitability in 202a. lots of moving parts which is an industry increasingly competitive and saturated. 7 million new customers is a stellar performance by any standards, however. for disney and for example _ standards, however. for disney and for example apple - standards, however. for disney and for example apple tv, - standards, however. for disney and for example apple tv, who j and for example apple tv, who have got disney plus, compared to netflix, are they in a better position because they are so diverse in terms of their business is? does that make sense? apple so much money from their phones, if they do not make as much money it is not make as much money it is not such as big a deal as for example netflix.— not such as big a deal as for example netflix. that is affect comment and _ example netflix. that is affect comment and amazon - example netflix. that is affect comment and amazon would l example netflix. that is affect | comment and amazon would be example netflix. that is affect - comment and amazon would be in the same bucket but the difference is that netflix has first mover advantage. they are the base streaming service in most people�*s households and they are in a very, very strong position and they have a very large original content which with the strike finishing, it could get back into full strength. the question wall street has been asking has been over the studios and the managed decline of their traditional business, which is of course the cinema business but also the libya tv business. while they streaming as an alternative. —— linear. it is yet to make a profit causing issues and impacting the share prices and other things and it has required this hard move to revitalise the business. something we know only too well here at the bbc. thank you very much. let�*s stay in the us because the boss of home rental app airbnb has told the bbc they are not to blame for housing shortages and soaring rents in major cities. but he does admit there have been unintended consequences from the success of the business. brian chesky has been speaking to the bbc�*s erin delmore in new york — where there has been a crackdown on short term rentals that has seen thousands of properties taken off airbnb. he started by telling erin about some of the new features on the app we have over 370 million reviews from guests and they have told us which aims at the great ones. without what we had a service, product feature we can combine the uniqueness of airbnb with what you can expect from a hotel. 2 million of the best homes based on ratings and reliability and we call them guest favours. if you book one, there is a good chance it could very well exceed your expectations. we paid improvements to reviews, and finally we have this tab which makes it easier for hosts to manage their homes and showcase what makes it unique. it is a powered photo tour which scans all the photographs and it can place them by rooms so you can see the layout of the space. how do you continue to grow and operate in a city like new york where regulations are limiting short—term rentals? it where regulations are limiting short-term rentals?— short-term rentals? it was a meaningful— short-term rentals? it was a meaningful % _ short-term rentals? it was a meaningful % of _ short-term rentals? it was a meaningful % of our - short-term rentals? it was a i meaningful % of our business, we do still offer unique hotels. , ., . we do still offer unique hotels. ., ., , hotels. do you have any business _ hotels. do you have any business left _ hotels. do you have any business left in - hotels. do you have any business left in new - hotels. do you have any i business left in new york? hotels. do you have any - business left in new york? we are seeing _ business left in new york? - are seeing more bookings in jersey city and at the perimeters of your city, new jersey, connecticut. what people are saying, they still want to come to new york and afford to do it or you�*re going to see people travel to other cities as well. [30 to see people travel to other cities as well.— to see people travel to other cities as well. do you believe the growth — cities as well. do you believe the growth of _ cities as well. do you believe the growth of airbnb - cities as well. do you believe the growth of airbnb in - cities as well. do you believe the growth of airbnb in citiesj the growth of airbnb in cities like new york has contributed to housing shortages? we like new york has contributed to housing shortages?- like new york has contributed to housing shortages? we do not think that is _ to housing shortages? we do not think that is the _ to housing shortages? we do not think that is the case. _ to housing shortages? we do not think that is the case. i _ to housing shortages? we do not think that is the case. i never - think that is the case. i never want to say we are not part of the solution. 0ne want to say we are not part of the solution. one of the populace to understand is if you run a technology company you run a technology company you put a tool or something in people�*s hands that unintended consequences will happen. there are i was trying to listen. increasing inventory is good but could be bad for hosts. what is good for the company and what is good for the hosts? it is notjust what is good for the company, it is good for guests. i think the secret source of airbnb is to try to design a marketplace which is a win—win for the gas and host. if there aren�*t enough homes and prices are too high, we hear of issues of affordability. at the same time we want this to make sense financially for hosts. the great thing about our business is to keep making the market more efficient. and keep making it win—win. to china now where there are increasing concerns about the state of the economy and the risks of deflation taking hold. prices of goods at the factory gate — the producer price index — were down 2 point 6 percent in october compared with last year — the 13th month in a row of declining prices. consumer prices were also down 0.2 percent on this time last year let�*s speak to professor hong bo from the school of finance and management at soas university here in london good morning to you, professor. give us your take on china, it has edged back into deflation, should we be concerned? yes. has edged back into deflation, should we be concerned? yes, it has been a _ should we be concerned? yes, it has been a very— should we be concerned? yes, it has been a very important - has been a very important concerned i think. but i will attribute this to the property market crisis, mainly, because we see three impacts, actually, thatis we see three impacts, actually, that is the salaries in the —related sector has been declining and in addition there is an effect on households because of the loss of property value and we know that consumer confidence has been declining. i think that is related. we are still in the process of testing the property market crisis —— addressing. the property market crisis -- addressing-— the property market crisis -- addressing. also falling prices have played — addressing. also falling prices have played into _ addressing. also falling prices have played into this - addressing. also falling prices have played into this as - addressing. also falling prices have played into this as well. | have played into this as well. now there is a debate about whether the government will meet its own target of 5% growth this year. meet its own target of 596 growth this year.- meet its own target of 596 growth this year. your thoughts on that? i _ growth this year. your thoughts on that? i just _ growth this year. your thoughts on that? i just saw _ growth this year. your thoughts on that? i just saw the - growth this year. your thoughts on that? ijust saw the news, i l on that? ijust saw the news, i think the day before. we had expected growth rate for china. i think we do see some improvement because of the intervention from the central government, for example, the liquidity has improved in the system and they do this through the physical side of the policy so i think, yes, for me i think we will be somewhere near that inaudible. we will be somewhere near that inaudible-_ inaudible. thank you for your take on the — inaudible. thank you for your take on the latest _ inaudible. thank you for your take on the latest data - inaudible. thank you for your take on the latest data coming j take on the latest data coming out of china. voice-over: bbc, bringing you different stories - from across the uk. a shift on board is double—decker with a difference. david is behind the wheeh — difference. david is behind the wheeh |— difference. david is behind the wheel. . , wheel. i have been driving buses all— wheel. i have been driving buses all my _ wheel. i have been driving buses all my life. - wheel. i have been driving buses all my life. it's - wheel. i have been driving l buses all my life. it's good. first — buses all my life. it's good. first stop— buses all my life. it's good. first stop is— buses all my life. it's good. first stop is a _ buses all my life. it's good. first stop is a pub - buses all my life. it's good. first stop is a pub car- buses all my life. it's good. first stop is a pub car parkl buses all my life. it's good. i first stop is a pub car park in south — first stop is a pub car park in south shields. many items on board — south shields. many items on board would have gone to waste. for the _ board would have gone to waste. for the prize, you can't be wrong _ for the prize, you can't be wrong 25— for the prize, you can't be wrong 25 n _ for the prize, you can't be wrong- 25 p-_ for the prize, you can't be wrong. 25 p. for the prize, you can't be wron~.25-. . . , ,., wrong. 25 p. the charity runs a food bank. _ wrong. 25 p. the charity runs a food bank, but _ wrong. 25 p. the charity runs a food bank, but this _ wrong. 25 p. the charity runs a food bank, but this is - food bank, but this is something different. running the foodbank_ something different. running the foodbank we _ something different. running the foodbank we realise - something different. running the foodbank we realise a - something different. running the foodbank we realise a lot of bovine _ the foodbank we realise a lot of pe0pte also _ the foodbank we realise a lot of people also need - the foodbank we realise a lot of people also need help - the foodbank we realise a lot of people also need help thatj of people also need help that aren't— of people also need help that aren't in— of people also need help that aren't in abject _ of people also need help that aren't in abject poverty- of people also need help that aren't in abject poverty and l aren't in abject poverty and perhaps— aren't in abject poverty and perhaps we _ aren't in abject poverty and perhaps we should - aren't in abject poverty and perhaps we should be - aren't in abject poverty and . perhaps we should be waiting till perhaps we should be waiting titt pe0pte _ perhaps we should be waiting titt pe0pte get _ perhaps we should be waiting till people get into— perhaps we should be waiting till people get into that - till people get into that criticat— till people get into that critical situation - till people get into that critical situation and i till people get into that| critical situation and we should _ critical situation and we should be _ critical situation and we should be possibly- critical situation and we i should be possibly helping critical situation and we - should be possibly helping them by reducing _ should be possibly helping them by reducing their— should be possibly helping them by reducing their food _ should be possibly helping them by reducing their food bill- should be possibly helping them by reducing their food bill in- by reducing their food bill in as many— by reducing their food bill in as many ways _ by reducing their food bill in as many ways as _ by reducing their food bill in as many ways as we - by reducing their food bill ini as many ways as we possibly can: _ as many ways as we possibly can, so— as many ways as we possibly can, so that _ as many ways as we possibly can, so that they— as many ways as we possibly can, so that they don't - as many ways as we possibly can, so that they don't end l as many ways as we possibly. can, so that they don't end up at the — can, so that they don't end up at the level_ can, so that they don't end up at the level of— can, so that they don't end up at the level of poverty - can, so that they don't end up at the level of poverty that. can, so that they don't end up at the level of poverty that we see our— at the level of poverty that we see our beneficiaries - at the level of poverty that we see our beneficiaries when - at the level of poverty that we. see our beneficiaries when they arrive _ see our beneficiaries when they arrive at — see our beneficiaries when they arrive at the _ see our beneficiaries when they arrive at the foodbank. - see our beneficiaries when they arrive at the foodbank. for- arrive at the foodbank. for more stories _ arrive at the foodbank. for more stories from - arrive at the foodbank. more stories from across arrive at the foodbankm more stories from across the uk, head to the bbc news website. hello again. you are live with bbc news. let�*s carry on with the business coverage. european plane maker airbus is sticking to its plans to produce more aircraft next year as it reported a 21% jump in operating profits in the past three months. ceo guillaume faury has been speaking to the bbc. he said air travel is back to pre—pandemic levels — and the number of planes they are delivering will soon be back to those levels too. the data shows that we are roughly back to where we were in 2019 any number of flights, the number of passengers. the mix is quite different from what it was 2019. so the traffic as it recovers and keeps growing, when it comes to our own business, which is delivering planes to the a