Gautam Adani and Mukesh Ambani, India’s richest man are gearing up to intensify the competition in the media sector. The struggle is between the top players is among netflix and Amazon.com viewers.
Mukesh Ambani and Gautam Adani
As per reports from the tycoons separate media sector, Mukesh Ambani’s joint venture on Viacom 18 media Pvt and Adani Enterprises Ltd are making its way to receive Rs 135 billion from James Murdoch Backed Bodhi Tree Systems.
In the indian market and also in the global arena, the two media sector marks a brand new phase of entry with bollywood film industry and opening doors to many middle class dreams. With the already existing tough competition with the existing sectors, the indian business tycoons have to play in the water for sometime.
The netflix in recent days struggled for subscribers as many new policies like sharing passwords are causing an obstacles. they as a result tried to lure the customers by lowering the annual subscription prices.
Many has reported that although the two media sectors will be launched new in India, Mukesh Ambani has been a old player in this sector. Adani on the other will start out. Adani bought the stake in Quintillion Business Media Pvt recently, which is the parent company of bloomberg.
