Walt Disney acquired trademark – Bollywood

I am not sure about the news which has been posted at Mind Body Soul blog which goes like –

 

Walt Disney has bought and acquired the Bollywood trademark at the price of peanuts. The trademark has been bought by Walt Disney from Indian Trademark authorities for seven categories which include films and magazines which will be used in different product lines.

 

Bollywood happens to be world’s most priceless trademark whereas Bollywood is popular trademark in world’s entertainment industry after Hollywood which earn the major part of the revenues in this industry and also the Bollywood is the biggest producer of the movies in the world.

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