The indefatigable Tito, Vic and Joey (TVJ) have scored one other authorized victory after the Court docket of Appeals (CA) affirmed their possession of the “Eat Bulaga!” trademark and mental property.
In a ruling issued late final yr, the CA denied the plea of Tv and Manufacturing Exponents Inc. (TAPE) and GMA Community to evaluation the choice earlier handed down by the Regional Trial Court docket, which granted the grievance for unfair competitors and copyright infringement filed by Vicente “Tito” Castelo Sotto III, Marvic “Vic” Castelo Sotto and Jose Ma. “Joey” Ramos De Leon, in addition to TVJ Productions Inc. head of creatives and vp Jeny Perea Ferre.
The CA underscored of their resolution that “the unique rights of scientists, inventors in addition to artists and gifted residents—like respondents Tito, Vic, Joey and Jeny—over their mental property and creations have to be protected and secured.”
It might be recalled that TVJ had filed a grievance for unfair competitors and copyright infringement after TAPE and GMA continued to make use of the “Eat Bulaga,” “EB” in addition to “Eat Bulaga” and “EB” emblems, together with logos, jingles or songs and recorded episodes, segments and parts of this system even after the trio had bitterly parted methods with TAPE.
The Sotto brothers and De Leon, represented by DivinaLaw, welcome the CA resolution, promulgated in time for Christmas 2024, believing that it proved but once more what they’ve recognized all alongside, that “Eat Bulaga” is theirs and theirs alone.
“We owe all the things to God and to those that have supported us all these years,” former Senate President Tito Sotto tells Biz Buzz. —Tina Arceo-Dumlao
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Aboitiz weighs Republic Cement companion’s exit plan
Dublin-based CRH Plc has indicated recent plans to exit Republic Cement. Aboitiz Group, its native companion, has the precise of first refusal however isn’t scrambling to train this.
“Our companion is promoting,” a prime official of Aboitiz Group confirmed to Biz Buzz. It’s all a part of CRH’s world restructuring, with the Philippines among the many final rising markets in its divestment plan, the supply defined.
However are they eager on shopping for the stake? “It will depend on the value,” the Aboitiz supply stated.
For now, nevertheless, the supply stated the precedence was to make the conglomerate extra compact as an alternative of including extra to its plate. Simply final yr, Aboitiz Fairness Ventures Inc. accomplished its acquisition of Coca-Cola Drinks Philippines Inc.
Sadly for CRH, it’s not a vendor’s market. As Aboitiz isn’t speeding to purchase out CRH, the latter must discover different choices. —Doris Dumlao-Abadilla
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