Wednesday, December 22, 2010

'Millionaire' Creators Win $319m Verdict Against Disney

A federal district court judge in Riverside on Tuesday denied the Walt Disney Co.'s attempts to overturn a verdict awarding $319 million in damages and interest to the creators of "Who Wants to Be a Millionaire," reports the Los Angeles Times.

Judge Virginia Phillips denied Disney's motions seeking to throw out the jury's July verdict or to order a new trial in the 6-year-old dispute. Disney has 30 days in which to appeal the decision.

The British creators of the game show, Celador International, sued Disney in 2004, claiming it had been denied its ability to profit from the success of the game show, which aired on the entertainment giant's ABC network for three years, beginning in the summer of 1999. Celador argued that a series of "sweetheart deals" struck among a clutch of Disney-owned companies kept the show in the red, even as it became ABC's first No. 1 show in more than a decade.

Celador had asked the jury to award damages of up to $395 million, based on experts' estimates of the profit "Millionaire" would have generated had the network paid a fair-market price. The jury awarded slightly less -- $260 million in network fees and $9.2 million in money owed from the sale of related merchandise.

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