No Termination of Agreement between Reliance, Hungama and T-Series
Beware of Fake News: In this technology driven era it very easy to access news and information, however the down-side of such ease is that it is as easy for people to spread fake and false news. One such false report which was recently doing the rounds was termination of a contract between Reliance, Hungama and Super Cassettes Industries Private Limited (T-Series) in relation audio rights, publishing rights and music rights in 45 films including Singham, Singham Returns, Paa etc.
T-Series has recently published a public notice in the Film Journal clarifying that there is no termination of agreement between itself, Hungama and Reliance and T-Series continues to have the exclusive exploitation rights in perpetuity and throughout the world in the music of the said 45 films.
Mr. Neeraj Kalyan, President of T-Series clarified, “How can there be a termination when T-Series and Hungama together are majority copyright owners in the music rights of the said films. He emphasized that such false reporting has a cascading effect on business relations and in turn leads loss of revenues and ought to be discouraged and made punishable. He further stated that this false reporting seems to be driven by internal politics between Reliance and a third party and T-Series has nothing to do with the same. The bottom line is that we as T-Series continue to hold the exclusive exploitation rights in the music of the 45 films and any reporting to the contrary is false.”