BENGALURU, March 15 (Reuters) - Walt Disney ( DIS )
-owned Star India has started arbitration proceedings
against Zee Entertainment Enterprises for alleged
non-compliance with the terms of a cricket broadcasting
agreement, Zee said on Friday.
Under the August 2022 agreement, Star India was to license
television broadcasting rights for the International Cricket
Council's (ICC) events to Zee for four years, starting this
year.
Zee, however, quit the $1.4 billion deal saying it is not in
a position to pay, Reuters reported in January.
Star India has sought "specific performance" of the
agreement or the payment of damages, Zee said in a statement,
without providing details.
Zee said Star India's application does not specify a claim
amount and that the alleged damages and costs are yet to be
determined.
The company said it will file a response to Star India's
application, filed in the London Court of International
Arbitration.
Star India did not immediately respond to a Reuters request
for comment.