Chances are, you know of a little show on ABC called <em>Who Wants to be a Millionaire? </em>It first aired in the summer of 1999, hosted by Regis Philbin and then taken over by Meredith Vieira in 2002.
The show was a massive hit for ABC. So much so, executives at Disney apparently got a little greedy and decided to keep some of the profits hidden from the creators of the show, London-based Celador International.
Celador figured out what was going on and sued Disney in 2004, claiming they were using “creative accounting tactics” to hide profits from the show.
In 2010, a jury sided with Celador, ordering Disney to pay up $319 in lost profits to Celedor. Disney appealed and yesterday, a three-judge panel of the 9th U.S. Circuit Court of Appeals upheld the original verdict.
Celador Chairman Paul Smith says of the verdict, "I am pleased that justice has been done."
Disney has not issued a statement since the verdict was announced.
$319? Three hundred nineteen dollars?
ohh I see now the headline says $319M – but the article says $319. LOL! Was trying to decide it if was a joke of some sort!
This article was written by a moron. Parts of it make no sense, parts are incorrect, and the overall tone of it is biased and unprofessional.
“Liza,” perhaps you should leave the writing to those who have an education. I completely understand why you won’t put your whole name on the article; I wouldn’t either if I knew everyone would think I was an idiot because of the way I wrote. But I’m not a professional writer, so I don’t have to be concerned with the quality of my writing. You should be, even though you obviously aren’t.
I pray that this case makes it to the Supreme Court. This would decidedly strengthen financial reform laws in our favor if a positive verdict is reached, I think.