Not only is the name of the prize said to be similar to the Oscars, he statuette given to the winner looks very similar indeed to the prizes awarded at Hollywood’s most prestigious film awards ceremony.
The organisers of the Oscars have issued a writ demanding an annual fee from the Ostend city authorities.
"They are demanding 73,000 euro a year. It is certainly not our intention to pay this. We have now agreed that the word “Terr'oskar” and the statuettes will be ditched”, the Ostend Alderman responsible for Tourism Niko Geldholf (socialist) told journalists.
"The issue will be discussed at a meeting of the City cabinet on Monday”, Mr Geldhof added.