SONY - India's Zee Reportedly Fumbles $200M Disney Payment Deepening Woes Amid Sony Merger Uncertainty | Benzinga
Zee Entertainment Enterprises Ltd., a major media firm in India, has reportedly missed a crucial payment deadline, failing to transfer $200 million to Walt Disney Co's (NYSE: DIS) India unit for television rights to cricket matches.
This development comes as Zee strives to conserve cash amid looming challenges, including a potential collapse of its planned merger with Sony Group Corp (NYSE: SONY).