This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Jury's Final Answer: Disney Owes 'Millionaire' Damages By Nat Worden and George Stahl 649 words 8 July 2010 The Wall Street Journal J B1 English (Copyright (c) 2010, Dow Jones & Company, Inc.) A California jury ruled against Walt Disney Co . Wednesday in a lawsuit brought by Celador International Ltd. over royalties for the hit game show "Who Wants to Be a Millionaire." Celador, which sold the U.S. rights to "Millionaire" to Disney 's ABC network in 1999 after a successful run in the U.K., alleged that Disney units ABC and Buena Vista Television concealed profits earned on the show to avoid paying licensing fees "through a complex web of self-dealing transactions." Celador was awarded $269.2 million in damages. Paul Smith, chairman of Celador, said, "I am pleased that justice has been done and thank the jury for their wisdom and the time they have taken to consider this complex case." Disney said, "We believe this verdict is fundamentally wrong and will aggressively seek to have it reversed." said, "We believe this verdict is fundamentally wrong and will aggressively seek to have it reversed....
View Full Document
- Spring '10