One boy can cause chaos in the largest and richest company in India. This is not a hypothetical scenario but a reality that has been making several headlines since yesterday.
So what happened?
A man bought a domain called jiohotstar.com and is demanding his education fund from Reliance in order to sell the domain. All he is asking is 93,345€ from Reliance Industries so that he can complete his degree from Cambridge.
Now, try to remember the Anant Radhika wedding. The price which this boy is asking for is peanuts. It is absolutely nothing for someone like Reliance.
Even legally, the boy bought the domain when there was no news of the merger. He somehow got this vision last year and to our surprise, his vision came out to be true.
Yes, the boy is legally protected and he is just asking for a little fund that would help in his education. But, if Reliance Industries pays this boy, it would set an example for future events where more and more people are purchasing domains and demanding money.
Perhaps that’s the reason Reliance would never pay this man who purchased the domain.
This is a very complex situation and we can bring all the sociology theories into this.
But what is the key takeaway?
The name for the OTT platform of the merged identity will be Jio Hotstar. Yes, otherwise why would they threaten the boy with the legal actions on call?