piinku1
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They will not buy at the price which star offering.
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Ajay.
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Zee issues clarification on reports of Disney Star mulling legal action for backing out of ICC rights deal - The Economic Times
In an exchanges filing, ZEE said that it is unaware of the news and cannot comment on Disney Star's further moves with respect to the strategic license agreement between the two entities.
Aksgr
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They didnt clarify anything. They just said. Hmm dont knowZee issues clarification on reports of Disney Star mulling legal action for backing out of ICC rights deal - The Economic Times
In an exchanges filing, ZEE said that it is unaware of the news and cannot comment on Disney Star's further moves with respect to the strategic license agreement between the two entities.m.economictimes.com
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Star chiefs want to renegotiate the deal and reduce its value by up to half, potentially meaning the loss of millions of dollars from the budgets of major cricket countries over the next four years. ICC directors have been served with a reduction notice from Star, a trigger for renegotiating the rights or possibly moving to “blend and extend” the deal on revised terms for a longer period.
Star’s winning bid for both TV and digital rights, of some $US3 billion over four years, was made on the understanding that it would on-sell a portion of the deal to ZeeTV, which in turn was in the process of a merger deal with Sony.
However with the ZeeTV-Sony merger collapsing, ZeeTV has likewise backed out of sub-licensing the ICC rights, leaving Star to foot the entire bill. ZeeTV and Star are fighting out the circumstances of their collapsed deal in the London Court of International Arbitration.
www.theage.com.au
Star’s winning bid for both TV and digital rights, of some $US3 billion over four years, was made on the understanding that it would on-sell a portion of the deal to ZeeTV, which in turn was in the process of a merger deal with Sony.
However with the ZeeTV-Sony merger collapsing, ZeeTV has likewise backed out of sub-licensing the ICC rights, leaving Star to foot the entire bill. ZeeTV and Star are fighting out the circumstances of their collapsed deal in the London Court of International Arbitration.
Indian boss to take over world cricket amid $4.5 billion TV rights fight
Jay Shah will take over as chair of the International Cricket Council after forcing the resignation of the incumbent Greg Barclay, amid a $US3 billion dispute with its major broadcast rights holder.
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