Source Pravda.Ru

Walt Disney Ordered To Pay $270 Million in Damages to British Production Company

The Walt Disney Company on Wednesday was ordered to pay almost $270 million in damages to Celador, the British production company that created the hit game show "Who Wants to Be a Millionaire" more than a decade ago.

Celador alleged that Disney cheated it out of revenue owed from "Millionaire," which became a television sensation in the United States in 1999. The jurors agreed that Disney was guilty of breaching a contract, New York Times reports.

The show, which was first hosted by Regis Philbin, became very successful for ABC in 1999 and 2000, ranking in the top 10 shows across the country at least four times that season, Silberfeld said.

It put the network in first place, allowing them to charge more in ad revenues, he said, but "ABC and a series of affiliated companies entered into a series of agreements that were solely intended to show 'Millionaire' never showed a profit," The Associated Press reports.