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Disney Star may sue Zee Entertainment for walking out of a $1.4 billion deal

Disney Star has granted Zee Entertainment the television broadcasting rights for the ICC Men's and Under-19 worldwide competitions for a period of four years as part of a strategic licensing arrangement that was announced on August 30, 2022. Disney Star may file a legal action against Zee Entertainment Enterprises for terminating a $1.4 billion sublicensing deal for the TV broadcast of cricket matches between international teams in India, according to a report.

The Walt Disney Company's Indian division, Disney Star, is reportedly planning its next step after this, a Should the revoked contract have included an arbitration clause, Disney Star would have to employ arbitration to settle the disagreement if the contract does not include an arbitration clause, Disney may file a lawsuit against Zee to recover damages.

Disney Star has granted Zee Entertainment the television broadcasting rights for the ICC Men's and Under-19 worldwide competitions for a period of four years as part of a strategic licensing arrangement that was announced on August 30, 2022. The global governing body of the sport awarded Disney Star the broadcast rights to all ICC events for the Indian market for a four-year period, from 2024 to 2027. The agreement said that ZEEL will have exclusive broadcast rights to all ICC men's tournaments, including the major ICC U-19 championships and the ICC Men's T20 World Cup, which would be held in 2024 and 2026, ICC Men's Champions Trophy, and ICC Men's Cricket World Cup (2027).

In an attempt to persuade Sony to honour a $10 billion merger agreement, ZEEL filed a corporate disputes case with the National Company Law Tribunal (NCLT) on Wednesday. Sony Group has already filed an arbitration claim against Zee Entertainment at the Singapore International Arbitration Centre for failing to uphold the terms of their merger agreement. It has demanded $90 million for the deal's collapse. The Japanese company was expected to invest $1.575 billion and retain a majority interest in the combined company as per the terms of the merger agreement between ZEEL and Sony.

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