Get the latest gossip
Disney Seeking $940 Million From India’s Zee Over Failed Cricket Rights Deal
Disney is seeking $940 million of damages from India’s ZEE over a failed cricket rights deal, ZEE has revealed.
After more than two years of negotiations, a deal to merge ZEEL and Sony India, creating a $10 billion film, TV and streaming group, fell apart. The Securities and Appellate Tribunal later threw out SEBI’s order banning Goenka and chairman emeritus Subhash Chandra from holding any company office. Separately, Disney has in recent months agreed to sell its Indian businesses to Reliance Industries Limited, which controls Viacom18 and streamer Jio.
Or read this on Variety