Asia’s two richest men prepare for battle with Netflix, Amazon

2022/04/28 23:20:00

Intensifying competition in an arena where Netflix and Amazon.com are also vying for more than a billion viewers.

Asia’s two richest men — Gautam Adani and Mukesh Ambani — are doubling down on India’s media sector Netflix Amazon

Intensifying competition in an arena where Netflix and Amazon.com are also vying for more than a billion viewers.

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.The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.SAN FRANSISCO - The fate of Twitter's top attorney, deemed a moral champion of the platform, was in doubt Wednesday after Elon Musk tweeted displeasure with content moderation she had carried out.For 30 years, Devakumar Edwin has navigated some of the world’s most difficult business environments to build Dangote’s textile factories, flour mills, food plants and cement firms.

and Amazon.com Inc.July 16, 2018.are also vying for more than a billion viewers.Musk on Tuesday criticised Gadde's role in taking down a New York Post story about the overseas business dealings of President Joe Biden's son Hunter ahead of the 2020 election.Viacom18 Media Pvt.S., Ambani’s local joint venture with Paramount Global, is set to receive 135 billion rupees ($1.Drive some three hours east through the traffic-snarled streets of Lagos, Africa’s largest city, and you reach the entrance to the complex, where the skyline becomes a maze of cranes and pipes, fuel-storage tanks the size of city blocks, and steel columns the height of high-rise buildings.

8 billion) in a funding round led by James Murdoch-backed Bodhi Tree Systems.REUTERS/Lucy Nicholson Netflix Inc on Tuesday announced a multi-film deal with Japan’s Studio Colorido, as the streaming giant ramps up its anime offering and looks to Asia for growth."You're making an executive at the company you just bought the target of harassment and threats," Costolo said in the tweeted reply to Musk.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.The film will also premiere in cinemas domestically.The Viacom18 investment and Adani’s entry into media mark a new phase in the battle for eyeballs and content in a market with a robust local film industry, a growing middle class and rapidly expanding access to the internet." "The fact that not even one day after the deal was announced, Musk was already breaking the terms of his agreement with Twitter to explicitly single out and encourage harassment against one of Twitter’s top employees, is all you need to know about his intentions," said the organization's spokesperson, Bridget Todd.But it’s also proved to be a tough market.“In order to … win globally, we must win locally first,” Kaata Sakamoto, vice president of content for Japan, told Reuters in an interview.The government’s potential benefits from the industry are further eroded by rampant crude theft – as much as 150,000 barrels per day, according to the government, which is about $5,5 billion a year at current prices.

Struggling to add subscribers, Netflix, for instance, has had to cut its fees to lure price-conscious users.Mukesh Ambani Still, “India is the only full-scale, high-growth opportunity in Asia outside of China,” said Vivek Couto, executive director at Media Partners Asia.The company said it was seeing “nice growth” in the region, including in Japan, where it reported 5 million users in September 2020."Proud of our people who continue to do the work with focus and urgency despite the noise.“Indonesia is also there, but it’s still a few pegs down still in terms of scalability.” Reliance shares climbed 1.The studio favours stories in which characters are pulled from their ordinary lives by a fantastical turn of events such as “Penguin Highway” from 2018, in which an elementary schoolboy investigates the sudden appearance of penguins in his town.5% in Mumbai on Thursday.Key figures on the American left, including former president Barack Obama, have shed thousands of followers since Musk's planned purchase of Twitter emerged, as users appeared to be following through on promises to leave the platform.Last August, the national oil company took a 20% stake in the refinery project for $2,7 billion.

TV18 Broadcast Ltd.” “We are ramping up our investment in Japan content, not just in volume but in a variety of genre and formats,” Sakamoto said.plunged 18%, while Network18 slumped 20%.While Ambani’s Reliance Industries Ltd.The show, which depicts very young children running errands for the first time while being filmed by production staff in disguise, has generated buzz online."In principle, I don't believe anyone should own or run Twitter," Dorsey said in a string of tweets.is widening its footprint in the Indian media sector through his Network18 Media & Investments Ltd., Adani is just starting out.“Dangote knows how to ensure his businesses are in sync with the government objectives.

Last month, Adani Media Ventures Ltd.agreed to buy a stake in Quintillion Business Media Pvt., according to a statement.Quintillion was an Indian partner of Bloomberg LP, the parent of Bloomberg News.With the $1.He spent two years and $300 million pumping 65 million cubic metres of sand onto the project site to raise its altitude by 1.

8 billion from Bodhi Tree and an additional $216 million from a Reliance arm, Viacom18 is preparing for an epic faceoff with Disney, Amazon and Sony Group Corp.for broadcast rights of Indian Premier League, or IPL, a prized annual cricket tournament that’s roughly equivalent to the Super Bowl.Bids are likely to exceed $5 billion, people familiar with the matter have said.Last year’s edition of the IPL brought in 380 million viewers, and whichever broadcaster wins the rights will likely secure millions of new subscribers in a highly competitive market.The investment by Bodhi Tree also marks the return of the Murdoch family to an entertainment market it ceded when Walt Disney Co.“Now it’s seven days a week work.

took over a swath of 21st Century Fox assets, including Star India, in 2019.Disney now owns Hotstar, a streaming platform popular with millions of cricket fans around the world.Gautam Adani Bodhi Tree is a newly formed platform between Murdoch and Uday Shankar, the former chief of Star India and later Disney Asia.Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, is an investor.Separately, Adani group said Wednesday that it incorporated AMG Media Networks, adding it would focus on publishing, advertising, broadcasting and distributing content over different types of media networks.After meeting President Muhammadu Buhari in Abuja last week, Dangote said he expects the Nigerian leader to commission the plant before his term expires in May 2023.

It didn’t elaborate.Just late last year, Sony and Zee Entertainment Enterprises Ltd., run by a local media mogul, agreed to a merger that would create a media behemoth valued at about $10 billion.© 2022 Bloomberg.

Read more:
Moneyweb News »
Loading news...
Failed to load news.

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07

Netflix inks Japan studio deal in anime push - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Netflix Inc on Tuesday announced a multi-film deal with Japan’s Studio Colorido, as the streaming giant ramps up its anime offering and looks to Asia for growth. SABC must partner with Netflix to give us better movies and documentary. Im just saying

Musk's Twitter purchase puts moral champion in crosshairsThe fate of Twitter's top attorney, deemed a moral champion of the platform, was in doubt Wednesday after Elon Musk tweeted displeasure with content moderation she had carried out. Harrismayson0 ɪ ᴡᴀs sᴏ ᴇxᴄɪᴛᴇᴅ ᴡʜᴇɴ ɪ ᴏᴘᴇɴᴇᴅ ᴍʏ ᴡᴀʟʟᴇᴛ ᴀɴᴅ sᴀᴡ ᴍʏ ᴘᴀʏᴍᴇɴᴛ ᴏғ $ 12,350. ᴡʜᴀᴛ ᴀ ʙᴏᴏsᴛ! ʏᴏᴜ ᴋɴᴏᴡ ᴇxᴀᴄᴛʟʏ ᴡʜᴀᴛ ɪ ᴡᴀɴᴛᴇᴅ ᴛʜᴀɴᴋ ʏᴏᴜ sᴏ ᴍᴜᴄʜ ғᴏʀ ᴛʜᴇ ᴘᴀʏᴍᴇɴᴛ Im willing to be an errand boy, a gardener or any form of odd job just to feed my children🙏🏾. They've been going to sleep on an empty stomach and that cripples me as a father. I humbly ask for any tinned food or grocer you don't need🙏

Business Maverick: Africa’s Richest Man Is Betting $21 Billion on Oil and FertiliserWhen Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of Manhattan, he turned to a man who’s helped him transform a small trading company into an industrial empire spanning the continent. Im Sure $21Bn could solve world hunger .... Harrismayson0 ɪ ᴡᴀs sᴏ ᴇxᴄɪᴛᴇᴅ ᴡʜᴇɴ ɪ ᴏᴘᴇɴᴇᴅ ᴍʏ ᴡᴀʟʟᴇᴛ ᴀɴᴅ sᴀᴡ ᴍʏ ᴘᴀʏᴍᴇɴᴛ ᴏғ $ 12,350. ᴡʜᴀᴛ ᴀ ʙᴏᴏsᴛ! ʏᴏᴜ ᴋɴᴏᴡ ᴇxᴀᴄᴛʟʏ ᴡʜᴀᴛ ɪ ᴡᴀɴᴛᴇᴅ ᴛʜᴀɴᴋ ʏᴏᴜ sᴏ ᴍᴜᴄʜ ғᴏʀ ᴛʜᴇ ᴘᴀʏᴍᴇɴᴛ

Africa’s richest man betting $21bn on oil and fertilizerAliko Dangote's $20.5bn oil refinery & fertilizer complex is said to be the biggest crude refinery of its kind in the world & the largest investment ever made in Nigeria.

Strive Masiyiwa surpasses Patrice Motsepe to become the richest black man in Southern Africa | BusinessinsiderMasiyiwa, 61, recently announced his retirement as chairman and director of Econet Wireless Zimbabwe