Star India posts standalone net loss of Rs 12,548 crore, cites ‘onerous contract’ from ICC

Star India, the Walt Disney arm, has reportedly posted a standalone net loss of ₹12,548 crore for the year ended March 31, 2024. The broadcaster has cited a provision of ₹12,319 crore for an ‘onerous contract’ from the International Cricket Council (ICC).

Star India had filed an arbitration suit against Zee for its failure to comply with the terms of a deal the two sides struck in August 2022.