Disney Hit With $269M Verdict In 'Millionaire' Case

Law360, New York (July 7, 2010, 6:53 PM EDT) -- A federal jury has found that Walt Disney Co. must pay Celador International Ltd. $269.4 million because it failed to honor a licensing agreement to share half the profits from the hit TV show “Who Wants to Be a Millionaire.”

The jury in the U.S. District Court for the Central District of California found Wednesday that Disney, along with its subsidiaries ABC and Buena Vista Television, breached the agreement by creating a series of agreements among the subsidiaries that resulted in Celador receiving no profits from...
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