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Star India posts Rs 12,548 crore loss in FY24 on provision against onerous ICC contract

By Economic Times - 2 days ago
Star India reported a significant loss for the last financial year. The broadcaster attributed this to a provision made for a challenging contract related to ICC media rights. Star India had acquired these rights for a substantial sum but faced setbacks. Zee Entertainment backed out of a sub-licensing agreement, leading to arbitration.

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