2025-01-01
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Hello and welcome to World Business Report from the BBC World Service.
I'm Sam Fenwick.
Today we're reflecting on the highs and lows of the entertainment industry in 2024.
We'll look at the roller coaster year for blockbuster films.
I mean, we set a lot of records last year, but it was really a year of feast and famine.
The incredible Taylor Swift effect that set the music world on fire.
Because the artists make more money from touring than from their recorded music.
They want to be on the road.
And the unfortunate wave of layoffs which have hit the gaming industry.
2024 is as much as 2021, 2022 and 2023 all combined.
It's really escalating, which is a very troubling pattern that I'm seeing.
Plus, we'll look ahead to 2025.
But first today let's it looks like the flow of Russian gas through Ukraine is about to come to an end.
The pipeline, one of the last two still transporting Russian gas to Europe, will stop operating on Wednesday.
This means EU countries will lose around 5% of their gas imports right in the middle of winter.
The agreement for Russian gas to pass through Ukraine was agreed in 2019.
Ending the deal could lead to a 6.5 billion dollar loss loss for Russia unless it manages to find an alternative route.
That's according to a Brussels think tank called Bruegel.
Until February 2022, Sergey Vacalenka served as head of strategy and innovation at Gazprom Neft, Russia's state owned energy company.