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Disney Reportedly Seeks $940 Million in Damages from Zee Over Cricket Payments
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Disney Reportedly Seeks $940 Million in Damages from Zee Over Cricket Payments
Sep 21, 2024 10:01 PM

07:27 AM EDT, 09/18/2024 (MT Newswires) -- Walt Disney's ( DIS ) India unit Disney Star is seeking $940 million in damages from Zee Entertainment for defaulting on payments for cricket broadcasting rights, media reports said Wednesday.

Disney Star filed the claim for damages that include costs, expenses, and interest at the London Court of International Arbitration, Bloomberg reported, citing regulatory filings.

Disney Star accuses Zee of missing payment deadlines as part of a $1.4 billion licensing deal, the reports said.

Disney Star and Zee did not immediately reply to MT Newswires' requests for comment.

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