India's Zee Entertainment Has Told Disney It Does Not Intend To Move Forward With Deal To Pay ~$1.4B For Cricket TV Rights It Acquired
Portfolio Pulse from Charles Gross
Zee Entertainment, an Indian media company, has informed Disney that it will not proceed with the deal to pay approximately $1.4 billion for the cricket TV rights that it had acquired. This decision could have implications for Disney's financial and strategic plans in the Indian market.
January 25, 2024 | 10:06 am
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Disney's anticipated revenue and strategic positioning in India may be affected by Zee Entertainment's decision not to proceed with the cricket TV rights deal.
The cancellation of the deal by Zee Entertainment removes a significant content acquisition for Disney, which could have been a strong driver for subscriber growth and revenue in the cricket-loving Indian market. This may lead to a negative short-term impact on Disney's stock as the market adjusts to the news of the lost opportunity for expansion and revenue in India.
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