ZEE to pull out of cricket rights deal with Disney?
ZEE merger talks with Sony collapse
ZEE Entertainment Enterprises Limited will reportedly pull out of the cricket TV rights deal with Disney, worth $1.4 billion.
Last year, it had signed a strategic licence agreement with Disney to broadcast certain Indian Cricket Council (ICC) TV broadcast rights for four years.
A source told Reuters, “The deal is off … ZEE said they are not in a position to pay.”
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It is said that ZEE was to pay for the rights in installments but missed out on the first $200 million payment to Disney. ZEE’s troubles started earlier this week after Sony pulled out from a proposed $10 billion merger.
