Star terminates $1.5 billion ICC TV rights deal with Zee

Disney-owned Star India has terminated its alliance agreement with Zee Entertainment for the $1.5 billion International Cricket Council (ICC) TV rights on June 20, according to a regulatory filing by Zee.

However, the broadcaster has decided to seek damages during the arbitration proceedings, which have not yet been quantified. Star had initiated arbitration proceedings against Zee before the London Court of International Arbitration (LCIA) on 14 March.