25.6 C
Delhi

Disney Star Faces $2B Valuation Hit Amid Sony-Zee Turmoil and ICC TV Deal Fallout

Disney Star – In a shocking twist of events, Disney Star finds itself entangled in a high-stakes dispute, facing a potential $2 billion downgrade amidst the fallout from the aborted Sony-Zee merger. This unexpected debacle is fueled by a dispute over a $1.5-billion sub-licensing deal for the International Cricket Council (ICC TV Deal), casting shadows on Disney Star’s future in the Indian media arena.

image 867 Disney Star Faces B Valuation Hit Amid Sony-Zee Turmoil and ICC TV Deal Fallout

Let’s have a look into more details : Disney Star Faces $2B Valuation Hit Amid Sony-Zee Turmoil

The recent collapse of the Sony-Zee merger has sent shockwaves through the media industry, leaving Disney Star in a precarious position. Amidst the chaos, a potential $2-billion valuation setback looms large, as Zee Entertainment Enterprises contests obligations related to the ICC TV deal, creating uncertainty and apprehension about Disney Star’s true worth.

Zee Entertainment’s dispute over the $1.5 billion sub-licensing deal for ICC TV rights with Disney Star has triggered concerns of a substantial downgrade. With the ICC TV contract contingent on the now failed Sony-Zee merger, Disney Star faces potential losses and a delicate valuation scenario.

- Advertisement -TechnoSports-Ad
image 868 Disney Star Faces B Valuation Hit Amid Sony-Zee Turmoil and ICC TV Deal Fallout

Insiders reveal that Reliance Industries had prepared two valuation scenarios for Disney Star, closely tied to the ICC TV rights obligations. The potential $2 billion downgrade hinges on Disney Star navigating the complexities of the ICC TV deal and digital rights, a situation that could significantly impact Reliance’s proposed merger plans.

ICC TV Deal: A $1.5 Billion Hit?

The aftermath of the Sony-Zee turmoil has raised questions about potential losses for Disney Star from the ICC TV deal, estimated to be over $1.5 billion. Industry insiders point out that the failed merger has averted challenges for the merged entity, emphasizing the intricate complexities in the media rights landscape.

Complicating matters further, SEBI’s inquiry into alleged funds misuse at ZEEL adds another layer of uncertainty. With Zee’s stock witnessing a significant decline and allegations of fund siphoning, the media industry is left grappling with the potential repercussions on Disney Star’s standing in the Indian media landscape.

- Advertisement -TechnoSports-Ad
image 869 Disney Star Faces B Valuation Hit Amid Sony-Zee Turmoil and ICC TV Deal Fallout

As Disney Star reassures its audience with the confirmation of coverage for the ICC U19 Men’s Cricket World Cup 2024, the battle in the Indian media arena intensifies. Disney’s entry faces challenges in a landscape dominated by Reliance, and the aftermath of the Sony-Zee fallout could reshape the trajectory of one of India’s leading media players.

FAQ

  1. <strong>Why is Disney Star facing a potential $2 billion downgrade?</strong>

    The fallout from the Sony-Zee merger and a dispute over a $1.5 billion ICC TV deal has created uncertainties, impacting Disney Star’s valuation

  2. <strong>What's the disagreement between Zee Entertainment and Disney Star?</strong>

    Zee Entertainment claims its commitment to the ICC deal depended on the Sony-Zee merger’s success, a point Disney Star disputes, leading to contractual uncertainty

Read more : Top 10 Highest Paid Players in IPL 2024

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

IPL 2024 Prize Money: How Much Money Do The IPL Winner Take Home?

IPL 2024 Prize Money: The Indian Premier League (IPL) isn't just about thrilling cricket; it's also about the eye-watering prize money that adds an...

IPL 2024: Top IPL Teams With Most Centuries in IPL History

Top IPL Teams With Most Centuries in IPL History: The Indian Premier League (IPL) has always been a platform for cricketing legends to showcase...

IPL 2024 RR vs MI : Rajasthan Royals Triumph over Mumbai Indians, Jaiswal’s Century Seals 9 Wicket Victory

IPL 2024 RR vs MI : In a captivating encounter at the Sawai Mansingh Stadium, Jaipur, Rajasthan Royals showcased their dominance with a commanding...

India Cricket Schedule 2023-24: Deodhar Trophy Returns, Irani Cup in October, Ranji Trophy Kicks Off in January 2024

India Cricket Schedule 2023-24: The Board of Control for Cricket in India (BCCI) has released the tentative schedule for the upcoming domestic cricket season,...