Why Disney's Mega Cricket Broadcast Deal In India Is Proving To Be Less Than A 'Masterstroke'
Portfolio Pulse from Shomik Sen Bhattacharjee
Disney Star, a subsidiary of Walt Disney Co (NYSE:DIS), licensed the TV broadcasting rights for International Cricket Council Men's and U-19 global events to Zee for the 2024-27 cycle. However, progress has stalled due to a proposed merger between Zee and Sony and the lack of a bank guarantee from Zee.

June 08, 2023 | 6:49 am
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Disney Star's cricket broadcast deal with Zee has stalled, potentially impacting Walt Disney Co's (NYSE:DIS) revenue from the deal.
Disney Star's deal with Zee has stalled due to a proposed merger between Zee and Sony and the lack of a bank guarantee from Zee. This could impact Walt Disney Co's revenue from the deal, as they are responsible for paying the ICC regardless of the outcome between Disney-Star and Zee, and then Zee and Sony. The negative impact on Disney's revenue could lead to a short-term decrease in stock price.
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