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Disney loses to Celador in Millionaire case
Walt Disney has been ordered to pay nearly US$270 million in damages to UK production house Celador Entertainment after a dispute over profits from hit 90s show Who Wants To Be a Millionaire?
Celador originally produced the show, before selling out US rights to Disney/ABC in 1998. The company agreed 50% of the profits from the US version of the show but the amount Disney paid was less than expected. After failing to reach an amicable solution, Celador launched legal proceedings against Disney.
Damages awarded by the court cover licensing fees and money owed to Celador from the sale of merchandise.
Disney said in reaction to the ruling that it planned to appeal. “We believe this verdict is fundamentally wrong and will aggressively seek to have it reversed," a statement said.
Walt Disney has been ordered to pay nearly US$270 million in damages to UK production house Celador Entertainment after a dispute over profits from hit 90s show Who Wants To Be a Millionaire?
Celador originally produced the show, before selling out US rights to Disney/ABC in 1998. The company agreed 50% of the profits from the US version of the show but the amount Disney paid was less than expected. After failing to reach an amicable solution, Celador launched legal proceedings against Disney.
Damages awarded by the court cover licensing fees and money owed to Celador from the sale of merchandise.
Disney said in reaction to the ruling that it planned to appeal. “We believe this verdict is fundamentally wrong and will aggressively seek to have it reversed," a statement said.