📺 ReelzChannel, an established American TV network owned by Hubbard Broadcasting, sues Instagram/Facebook for using “REELS” on its platform, claiming that Reels is likely to confuse consumers who might mistakenly associate Instagram’s new feature with Reelz brand (after all, REELZ and REELS sounds the same!). ReelzChannel seeks an injunction stopping Instagram from using their new Reels feature.

📰 Recently Bloomberg Law has reported that Reelz has dropped its trademark lawsuit.

ℹ️ Source: https://news.bloomberglaw.com/ip-law/reelz-network-halts-trademark-suit-over-instagrams-reels