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☆ The Future of Streaming (According to the Moguls Figuring It Out)
▼ + stars: | 2024-06-22 | by ( James B. Stewart | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

The same could not be said for their sprawling entertainment businesses. The three men meet occasionally to discuss the state of the industry, and lively disagreements have a been a staple of their discussions. But by the time they met on the yacht, they had all agreed that the money-losing status quo in the streaming business was unsustainable. “There was peace in the valley for a period of time,” Mr. Malone mused in a rare recent interview, recalling the days before video-streaming upended the lucrative cable business. Disney laid off thousands of workers and pushed out its chief executive as streaming losses mounted, and had to fend off a proxy contest from the activist investor Nelson Peltz.

Persons: Brian Roberts, John Malone, Barry Diller, Diller’s, ” Mr, Malone, Nelson Peltz Organizations: Mr, Arriva, Paramount, CBS, Warner Bros, Disney Locations: Jupiter, Fla

☆ Deutsche Bahn to announce deal to sell Arriva to I Squared on Thursday -sources
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Parked busses are seen at an Arriva bus bepot in Harlow as the spread of the coronavirus disease (COVID-19) continues, Harlow, Britain, April 3, 2020. REUTERS/Andrew Couldridge/ File Photo Acquire Licensing RightsFRANKFURT, Oct 18 (Reuters) - Deutsche Bahn plans to announce on Thursday the sale of its international transport business Arriva to Miami-based infrastructure investor I Squared Capital, sources told Reuters. The two parties will sign the deal by Thursday, two people familiar with the matter said on Wednesday. Reuters had already reported last week that the sale, at around 1.6 billion euros ($1.69 billion) including debt, would be finalised as early as Monday. ($1 = 0.9491 euros)Reporting by Markus Wacket and Emma-Victoria Farr; writing by Tom Sims; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Couldridge, Markus Wacket, Victoria Farr, Tom Sims, Bill Berkrot Organizations: Arriva, REUTERS, Rights, Deutsche Bahn, Squared, Reuters, Thomson Locations: Harlow, Britain, Miami

The deal would value Arriva, which operates red London buses and train services in the UK, at around 1.6 billion euros ($1.68 billion) including debt, the sources said. However, while the deal is nearing final stages, the sources cautioned that the timing could still shift. Deutsche Bahn said in an emailed statement: "We want to sell DB Arriva by the end of 2024. Reuters reported in April that British transport company FirstGroup (FGP.L) and I Squared had been weighing competing bids for parts of Arriva. Its annual sales rose to 4.2 billion euros in 2022, making up 7.5% of Deutsche Bahn's total revenue.

Persons: Andrew Couldridge, Emma, Victoria Farr, Andres Gonzalez, Markus Wacket, Susan Fenton Organizations: Arriva, REUTERS, Squared Capital, Deutsche, Reuters, Financial Times, Deutsche Bahn, DB Arriva, London's, Cross Country, Deutsche Bahn's, Thomson Locations: Harlow , Britain, FRANKFURT, LONDON, Miami

☆ One dead as rare summer storm hits Netherlands
▼ + stars: | 2023-07-05 | by ( Bart H. Meijer | ) www.reuters.com time to read: +2 min

In Amsterdam, several people were injured as dozens of trees were toppled by the storm, damaging cars and houseboats along the city's canals. The storm, named Poly, is the Netherlands' worst ever during the summer months and its strongest overall since January 2018, weather agency Weeronline said. The last heavy summer storm was in 2015 and was the first in over a century. The summer storm is causing much damage as trees are heavy with leaves and many of them have become brittle during an unusually long dry spell in May and June. The storm will move east over the north of the country and is expected to become less intense during the afternoon.

Persons: Weeronline, Bart Meijer, Toby Sterling, Andrew Heavens, Jan Harvey, John Stonestreet, Alexandra Hudson Organizations: National Meteorology Institute, Arriva, Alexandra Hudson Our, Thomson Locations: AMSTERDAM, Netherlands, Haarlem, Amsterdam, Noord, Holland, Amsterdam's Schiphol

LONDON, April 20 (Reuters) - British transport company FirstGroup (FGP.L) and infrastructure fund I Squared are weighing competing bids for parts of Deutsche Bahn's international transport business Arriva, according to a number of people familiar with the matter. The British transport company may also consider partnering with another bidder for the UK operations, the two added. Arriva, Deutsche Bahn, FirstGroup and I Squared declined to comment. A Bloomberg report in January suggested Arriva may now fetch as much as 2 billion euros. Binding offers for Arriva are expected in the next couple of months, two of the sources said.

☆ Factbox: Pay increases reached by UK workers following strike action
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +3 min

Below is a summary of some of the deals reached following strike action:AIRPORTSIn July, British Airways (ICAG.L) staff at London's Heathrow Airport represented by two unions called off strike action after accepting a new pay offer. Earlier that month the airline's check-in staff at Heathrow airport also suspended a strike after an improved pay deal was agreed. Wage rises were also agreed at bus operators Arriva and Go-Ahead, with Arriva's drivers in Kent securing a 13.92% pay rise in October and Go-Ahead's London workers getting a 10.5% increase. WASTE COLLECTIONWaste collection workers in various areas around the country have agreed pay rises after undertaking strike action which disrupted waste collections. Among agreements reached by the GMB were a 17% rise for some workers in Windsor and Maidenhead, just outside London, and increases of between 8% and 22% for refuse workers in Manchester.

☆ Thousands of UK bus drivers plan strikes over pay - union
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

An Arriva bus makes its way down a narrow street near Wouldham, Britain, December 20, 2021. REUTERS/Kevin CoombsLONDON, Sept 21 (Reuters) - Thousands of bus drivers in London and the neighbouring county of Kent plan to strike in a dispute over pay, the Unite union said, threatening further disruption to a transport system already facing walkouts by railway workers early next month. More than 2,000 drivers at bus operator Arriva will strike from Oct. 4 in London, Unite said on Wednesday, while 600 Kent-based staff employed by the same company will walk out on Sept. 30. read moreRegister now for FREE unlimited access to Reuters.com RegisterUnite said the strike by London bus drivers would run continuously until the dispute was resolved. "Arriva has totally failed to address the strength of feeling among our members as they see their rates of pay eroded.

☆ UK train drivers at 8 rail companies to strike on July 30, union says
▼ + stars: | 2022-07-14 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 14 (Reuters) - Train drivers at eight British rail companies will strike on July 30 over a pay dispute, the drivers’ union ASLEF said on Thursday in the latest industrial action sparked by demands for wages to keep pace with soaring inflation. The Associated Society of Locomotive Engineers and Firemen (ASLEF) said it had announced the day of strike action after train companies failed to make a pay offer that matched the increased cost of living. "Strike action is, now, the only option available but we are always open to talks if the train companies, or the government, want to talk to us and make a fair and sensible offer," General Secretary Mick Whelan said in an emailed statement. ASLEF said its members at eight companies – Arriva Rail London, Chiltern Railways, Greater Anglia, Great Western, Hull Trains, LNER, Southeastern and West Midlands Trains – would strike. “It’s incredibly disappointing that, just three days after their ballots closed, ASLEF bosses have already opted for destructive strike action, instead of engaging in constructive talks," Britain's transport minister Grant Shapps said.

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