India's Zee walks out of $1.4b TV cricket rights deal with Disney

India's Zee walks out of $1.4b TV cricket rights deal with Disney

FILE PHOTO: The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016. REUTERS/Jacky Naegelen/File Photo

India’s Zee Entertainment has told Walt Disney it does not intend to move forward with a deal to pay around $1.4 billion for cricket TV rights it acquired from the US company, two people with direct knowledge of the matter said.