The hearing was postponed on February 21 because the Indian Performing Right Society (IPRS), which opposes the scheme, has informed the NCLT that its application challenging the tribunal s dismissal order dated February 9 has been held for judgment by the National Company Law Appellate Tribunal (NCLAT).
Anand said ZEE5 Global s primary target audience is the 40 million strong South Asian diasporas that are spread out globally. Its key markets include the US, UK/Europe, and Middle East, besides Australia and Singapore. ZEE5 Global, which claims to have become the top South Asian OTT player in the US, hit the 1 million active user base mark in the market in October. As part of its next phase of growth, the platform has launched the Add-ons aggregation service in the US.
The Indian Performing Rights Society (IPRS) has filed an application with the National Company Law Tribunal (NCLT) to oppose the proposed merger between Star India and Novi Digital Entertainment. The IPRS, which protects the rights of music artists, argues that the merger could impact its rights as it is a creditor to both companies.