Disney Must Pay $319M in ‘Millionaire’ Case

Chances are, you know of a little show on ABC called Who Wants to be a Millionaire? 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.