financetom
Business
financetom
/
Business
/
Disney-owned Star India starts arbitration against Zee over cricket broadcasting deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Disney-owned Star India starts arbitration against Zee over cricket broadcasting deal
Mar 15, 2024 1:41 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alpine 4 Holdings Gets Delisting Determination From Nasdaq
Alpine 4 Holdings Gets Delisting Determination From Nasdaq
May 17, 2024
04:29 PM EDT, 05/17/2024 (MT Newswires) -- Alpine 4 Holdings ( ALPP ) said Friday it received a staff delisting determination from the listing qualifications department of Nasdaq on Tuesday. The exchange initiated a process that can result in the delisting of Alpine securities from the Nasdaq for not complying with the exchange's listing rule for timely filing of all...
Swedish EV maker Polestar gets Nasdaq notice on potential de-listing
Swedish EV maker Polestar gets Nasdaq notice on potential de-listing
May 17, 2024
May 17 (Reuters) - Swedish electric vehicle firm Polestar said on Friday it received a deficiency notice from the Nasdaq stock exchange for not filing its annual report on Form 20-F with the U.S. securities regulator for the fiscal year ended Dec 31. ...
--Xylem Keeps Quarterly Dividend at $0.36 a Share, Payable June 27 to Stockholders of Record May 30
--Xylem Keeps Quarterly Dividend at $0.36 a Share, Payable June 27 to Stockholders of Record May 30
May 17, 2024
04:30 PM EDT, 05/17/2024 (MT Newswires) -- Price: 143.54, Change: +0.22, Percent Change: +0.15 ...
Equitable Holdings Insider Sold Shares Worth $402,945, According to a Recent SEC Filing
Equitable Holdings Insider Sold Shares Worth $402,945, According to a Recent SEC Filing
May 17, 2024
04:35 PM EDT, 05/17/2024 (MT Newswires) -- Jeffrey J Hurd, Chief Operating Officer, on May 15, 2024, sold 9,969 shares in Equitable Holdings ( EQH ) for $402,945. Following the Form 4 filing with the SEC, Hurd has control over a total of 131,093 shares of the company, with 131,093 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1333986/000095017024061718/xslF345X03/ownership.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved