Disney mulls legal action as ZEEL ditches $1.4 bn deal
10 months, 4 weeks ago

Disney mulls legal action as ZEEL ditches $1.4 bn deal

The Hindu  

Disney Star is mulling legal actions against Zee Entertainment for backing out from a USD 1.4 billion sub-licensing agreement for TV broadcast of international cricket matches in India, according to industry sources. This could brew another legal trouble for Zee Entertainment Enterprises Ltd, which is already facing an arbitration plea by Sony Group at the Singapore International Arbitration Centre, claiming USD 90 million for breach of conditions of their merger agreement. The instalment to be paid to Disney Star was part of the USD 1.5 billion investment committed by Sony Group after its merger with ZEEL, said another industry source while confirming the development. On August 30, 2022, ZEEL had announced entering a strategic licensing agreement with Disney Star for television broadcasting rights of the ICC Men's and Under-19 global events for a period of four years.

Arbitration Sony Legal Action Agreement Merger Icc Usd Disney Star Zeel Sony Group  ditches  zeel  icc  deal  mulls  action  bn  merger  mens  14  usd  legal  agreement  arbitration  sony  disney  star

History of this topic

Zee alleges Star India of violation of agreement of ICC TV deal; seeks refund of ₹68.54 crore
10 months ago

Zee alleges Star India of violation of agreement of ICC TV deal; seeks refund of ₹68.54 crore

The Hindu  

Zee Entertainment Enterprises has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of ₹68.54 crore from the Walt Disney-owned firm. In August, 2022, Zee Entertainment Enterprises had entered into an Alliance Agreement with Star India for a …

Zee alleges Star India of violation of agreement of ICC TV deal; seeks refund of Rs 68.54 crore
10 months, 1 week ago

Zee alleges Star India of violation of agreement of ICC TV deal; seeks refund of Rs 68.54 crore

New Indian Express  

NEW DELHI: Zee Entertainment Enterprises has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm. In August, 2022, Zee Entertainment Enterprises had entered into an Alliance Agreement with Star …

Disney Star may lose $2 billion after Reliance deal amid Zee-Sony breakup: Report
11 months ago

Disney Star may lose $2 billion after Reliance deal amid Zee-Sony breakup: Report

Hindustan Times  

With the cancellation of ZEEL and Sony merger, the Disney Star deal with Reliance could potentially take a hit of around $2 billion, owing to a loss of valuation, reported The Economic Times citing sources. ZEEL said in its contract that it will only honour the ICC television deal with Disney Star if its merger with Sony goes through, reported …

Why the Disney Star deal with Reliance may also take a hit amid Zee-Sony fallout
11 months ago

Why the Disney Star deal with Reliance may also take a hit amid Zee-Sony fallout

Live Mint  

In the aftermath of the aborted Sony-Zee merger, Disney Star finds itself at risk of a significant valuation hit, potentially amounting to an unprecedented $2 billion, The Economic Times reported citing sources. The fallout from Zee Entertainment Enterprises disputing a $1.5-billion sub-licensing deal for the International Cricket Council has triggered concerns about Reliance's downgrade of Disney Star, it said. Sources …

Disney+ Hotstar rivals JioCinema, announces free streaming of ICC World Cup 2023 and Asia Cup
1 year, 1 month ago

Disney+ Hotstar rivals JioCinema, announces free streaming of ICC World Cup 2023 and Asia Cup

India Today  

JioCinema is currently giving other streaming platforms a run for their money. The streaming service garnered attention by live streaming major sports tournaments such as the FIFA World Cup 2022 and IPL 2023. To counter JioCinema's increasing popularity, Disney+ Hotstar has announced that it will provide free live streaming of the Asia Cup and ICC Men's Cricket World Cup tournaments …

India vs Pakistan Cricket World Cup viewing figures break record for Disney+ Hotstar streaming platform
1 year, 2 months ago

India vs Pakistan Cricket World Cup viewing figures break record for Disney+ Hotstar streaming platform

The Independent  

Sign up to our free sport newsletter for all the latest news on everything from cycling to boxing Sign up to our free sport email for all the latest news Sign up to our free sport email for all the latest news SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Disney+ Hotstar to stream Asia Cup 2023, World Cup for free, sets up epic fight with JioCinema on mobile
1 year, 3 months ago

Disney+ Hotstar to stream Asia Cup 2023, World Cup for free, sets up epic fight with JioCinema on mobile

India Today  

In a bold move to regain its subscribers, Disney+ Hotstar announced that it will stream the upcoming Asia Cup 2023 and the ICC Men's Cricket World Cup for free on its mobile app. Faced with this scenario, Disney+ Hotstar has decided to take the route of streaming live cricket matches for free. Streaming the IPL for free was another reason …

Disney+ Hotstar to offer free streaming of Cricket World Cup, Asia Cup to mobile users
1 year, 6 months ago

Disney+ Hotstar to offer free streaming of Cricket World Cup, Asia Cup to mobile users

The Hindu  

Disney+ Hotstar, on Friday, announced that smartphone users in India can watch this year’s Asia Cup and ICC Men’s Cricket World Cup for free on the OTT platform. The media rights for the games were split for the first time with Disney Star getting the TV rights and Mukesh Ambani’s JioCinema nabbing the digital rights. Disney+ Hotstar’s decision to make …

Is Disney+ Hotstar Following Jio's Footsteps? Rumours Suggest Streamer Might Offer Free Streaming Of ICC Cricket World Cup Matches
1 year, 6 months ago

Is Disney+ Hotstar Following Jio's Footsteps? Rumours Suggest Streamer Might Offer Free Streaming Of ICC Cricket World Cup Matches

ABP News  

The latest buzz around the rumour mill is that the marquee cricket tournaments- Asia Cup 2023 as well as the ICC Men's Cricket World Cup 2023, could be made available as free-to-stream to all mobile phone users by Disney+Hostar. Making the Asia Cup and ICC Men’s Cricket World Cup available to a wider audience, we believe, will help us grow …

Is cricket really worth $9 billion in India?
2 years, 3 months ago

Is cricket really worth $9 billion in India?

Hindustan Times  

Suraj, 20, an engineering student from Mumbai, watches most of his live cricket on the move on a basic ₹499-a-year Hotstar plan. Disney Star, the one stop destination for big-ticket cricket, lost IPL digital rights to Viacom 18 and sub licensed ICC TV rights to Zee. If Viacom 18’s IPL acquisition was about business convergence in the new technological era, …

ICC media rights: Disney Star throw a googly, to share ICC rights with Zee
2 years, 3 months ago

ICC media rights: Disney Star throw a googly, to share ICC rights with Zee

Hindustan Times  

Less than 48 hours after Disney Star won the International Cricket Council media rights with a whopping $3 billion composite bid for four years, they sub-licensed the TV component of their spoils to ZEE Entertainment Enterprises Ltd. on Tuesday evening. “Disney Star will continue to be the exclusive home for streaming of all ICC tournaments through its digital platform - …

Disney Star licenses ICC’s Men’s events to ZEEL
2 years, 3 months ago

Disney Star licenses ICC’s Men’s events to ZEEL

Live Mint  

Disney Star, which won television broadcasting and digital streaming rights for the men’s and women’s events of International Cricket Council, including the World Cup, in a closed bid recently, has given up its TV rights to Zee Entertainment Enterprises Ltd, the two broadcasters said on Tuesday. The two companies entered a strategic licencing agreement under which Disney Star will give …

Disney Star signs licensing agreement with Zee for ICC TV rights
2 years, 3 months ago

Disney Star signs licensing agreement with Zee for ICC TV rights

The Hindu  

Disney Star on Tuesday signed a licensing agreement with Zee, allowing the latter to broadcast all ICC men's and U-19 events for the 2024-2027 cycle. The deal will enable Zee to broadcast ICC men's events, including the 2024 and 2026 ICC Men's T20 World Cup, 2025 Champions Trophy and the ODI World Cup in 2027. Disney Star president K. Madhavan …

Disney Star wins ICC media rights for Indian market for 2024-27
2 years, 3 months ago

Disney Star wins ICC media rights for Indian market for 2024-27

The Hindu  

Disney Star has won the rights to broadcast all ICC events on a four-year deal from 2024 to 2027 for the Indian market, the sport's global governing body said on Saturday. Disney Star will be the home of all ICC cricket in India for the next four years having won the TV and digital rights of both men's and women's …

Disney Star wins ICC media rights
2 years, 3 months ago

Disney Star wins ICC media rights

Live Mint  

The International Cricket Council today confirmed Disney Star will be the home of all ICC cricket in India for the next four years having won the TV and digital rights to both men’s and women’s global events through to the end of 2027, the council said in a statement. Disney Star won following a single round sealed bid process which …

ICC media rights: Disney Star will be home of cricket in India for next 4 years
2 years, 3 months ago

ICC media rights: Disney Star will be home of cricket in India for next 4 years

Live Mint  

The International Cricket Council on 27 August announced the winner of the ICC Media Rights tender and declared Disney Star as winner. The ICC said that Disney Star won following a single round sealed bid process and will be the home of all ICC cricket in India for the next four years having won the TV and digital rights to …

Viacom18’s IPL rights are about much more than merely cricket
2 years, 6 months ago

Viacom18’s IPL rights are about much more than merely cricket

Live Mint  

In the 1990s and 2000s, when broadcasting of live cricket moved beyond Doordarshan and onto private TV channels, watching a big cricket match live was like attending a get-together. Disney-Star will pay ₹23,575 crore for this T20 cricket tournament’s domestic TV rights for the next five years. The broader view seems to be that Viacom18 might have ended up overpaying …

Pleased to extend our association: Walt Disney Chairman after Disney Star secures TV rights package for IPL 2023-2027
2 years, 6 months ago

Pleased to extend our association: Walt Disney Chairman after Disney Star secures TV rights package for IPL 2023-2027

India Today  

Disney Star has secured the exclusive television rights package for the 2023-2027 editions of the Indian Premier League. Rebecca Campbell, Chairman, International Content and Operations, The Walt Disney Company, was delighted after Disney Star acquired the rights for the IPL over the next 5 seasons. IPL is an important component of our portfolio of television channels in India, providing an …

IPL fetches staggering media rights for over $6 billion
2 years, 6 months ago

IPL fetches staggering media rights for over $6 billion

Associated Press  

NEW DELHI — U.S. media giant Walt Disney and India’s Reliance Industries have won the broadcasting rights for the Indian Premier League for more than $6 billion, making the Twenty20 cricket competition one of the most lucrative sports leagues in the world in terms of cost per game. An IPL match is billed in rights value ahead of English Premier …

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