Star India seeks $940 million in damages from Zee Entertainment over ICC media deal termination

Star India has sought $940 million (`8,000 crore) in damages from Zee Entertainment over termination of a media deal involving television rights for the 2024-27 ICC tournaments. Star had sub-licensed the media rights to Zee in August 2022 for $1.5 billion. Since the deal had failed to close, Star, which is merging with Viacom18, had initiated arbitration proceedings in March 2024.