💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

easyJet founder sues Netflix over 'Easy'

Published 10/01/2018, 12:57 PM
Updated 10/01/2018, 01:00 PM
© Reuters. Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport
EZJ
-
NFLX
-
EZH
-

(Reuters) - Two seasons in, UK budget airline magnate Stelios Haji-Ioannou is suing Netflix over the title of its Chicago-based show "Easy", arguing it infringes on more than a thousand trademarks he has registered using the word in Europe.

Under the lawsuit filed in a UK court, the founder of budget flights pioneer easyJet (L:EZJ) seeks to ban the streaming giant from showing or promoting the show under its current name.

Stelios, 51, the son of a shipping magnate, also owns the easyHotel (L:EZH), easyBus, easyCar, easyProperty, easyOffice, easyFoodstore, easyCoffee, easyMoney and easyGym brands through his company easyGroup based in Monaco and London.

The claim seeks an injunction to prevent Netflix (O:NFLX) from using the name "Easy" in the European Union and not more than 10,000 pounds ($13,052) in damages.

"We own the European trademark in the word 'easy' and another one thousand trademarks with easy as a prefix," the billionaire said in a statement. "We can't allow people to use it now as a brand name, especially when they are doing it mostly with our colors and font."

"Easy" creator Joe Swanberg is also named as a defendant in the claim.

Netflix did not immediately respond to a request for comment. A representative for Swanberg was not immediately available for comment.

"Easy", which premiered in 2016, explores sex and romance through stories about a range of couples who live in Chicago. Its third and final season will be aired next year.

© Reuters. Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport

($1 = 0.7662 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.