BENGALURU, Sept 18 (Reuters) - India's Zee Entertainment

on Wednesday refuted Disney ( DIS )-owned Star India's

claim of damages worth $940 million for the termination of a

cricket broadcasting agreement.

Star India is seeking the damages in the London Court of

International Arbitration (LCIA).

"The arbitration is at its initial stage and the LCIA

Arbitral Tribunal is yet to determine if the company is liable

in any manner," Zee said in a statement.

In January, Zee quit the $1.4 billion deal with Star India,

under which the latter was to license television broadcasting

rights for the International Cricket Council's (ICC) events to

Zee for four years.

Zee believes that Star India breached the agreement and had

sought the repayment of 685.4 million rupees, according to its

December-quarter earnings report.