Disney -owned Star India has sought $940 million from Zee Entertainment in damages in a London court for the termination of a cricket broadcasting agreement, the Indian broadcaster said on Wednesday.

Disney India (previously Disney Star) is seeking $940 million of damages from Indian media conglomerate Zee Entertainment Enterprises Limited, it was revealed on Wednesday. The claim relates to a cricket rights deal that collapsed in January this year.

The dispute is about Zee not meeting payment deadlines of a $1.4 billion licensing deal with Star, which gives exclusive TV rights for ICC men’s matches

Star India, owned by Walt Disney, has sought $940 million in damages from Zee Entertainment for not honoring a $1.5 billion ICC TV rights deal. Zee refuted the claims and stated that arbitration is still in its initial stages.

WALT Disney’s Indian unit has sought US$940 million in damages from Zee Entertainment, after the Mumbai-based broadcaster defaulted on payment for TV rights of cricket matches. Read more at The Business Times.

The dispute centres on an alliance agreement between Zee and Star India valued at $1.4 billion for the broadcasting rights for International Cricket Council (ICC) events

India's Zee Entertainment on Wednesday refuted Disney-owned Star India's claim of damages worth $940 million for the termination of a cricket broadcasting agreement. Star India is seeking the damages in the London Court of International Arbitration (LCIA).

Star India has filed a Statement of Case against Zee Entertainment, seeking $940 million in damages over a terminated ICC TV rights deal. Zee denies the allegations and plans to contest the claims. The arbitration is still in its early stages,