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Asia’s Two Richest Men Prepare for Battle With Netflix, Amazon

(Bloomberg) — Asia’s two richest men — Gautam Adani and Mukesh Ambani — are doubling down on India’s media sector, intensifying competition in an arena where Netflix Inc. and Amazon.com Inc. are also vying for more than a billion viewers. Most Read from Bloomberg Viacom18 Media Pvt., Ambani’s local joint venture with Paramount Global, is set to receive 135 billion rupees ($1.8 billion) in a funding round led by James Murdoch-backed Bodhi Tree Systems. Adani Enterprises Ltd., the tycoon’s flagship company, said separately that it has established a new media subsidiary, signaling his ambitions to tap the growing market. […]

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