Star seeks $940 million from Zee over failed cricket deal

Quick Summary:

Star India has filed a claim for $940 million in damages against Zee Entertainment Enterprises in the London arbitral court due to payment defaults on cricket broadcasting rights.

The arbitration process is ongoing, with Zee refuting the claims and planning to contest them, asserting that Star breached the agreement first.

In Jan this year, Zee had missed its first payment to Star as it was reportedly not in a position to pay.

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Article Details

Author / Journalist: Reeba Zachariah

Category: EconomyBusiness

Markets: IndiaUkraine

Topics: Business news Zee Entertainment Cricket broadcasting rights Walt Disney Punit Goenka ICC tournaments Star India London arbitral court

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 08:04:51 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22582889

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