According to the law firm representing Celador International, the creators of ‘Who Wants To Be A Millionaire?,’ Judge Virginia A. Phillips of the United States District Court for the Central District of California has awarded $50 million in prejudgment interest to Celador International, Ltd. in addition to the already awarded damages of $269,431,798 awarded to Celador on July 7, 2010 bringing the judgment against Disney to a total of $319,431,798 pending the reward of any additional litigation costs.
The Order issued after Disney stipulated formally to Celador’s entitlement to $50,000,000 in prejudgment interest rather than leave it up Judge Phillips to decide the amount owed to Celador. Disney also agreed not to challenge Celador’s right to prejudgment interest and will not appeal the $50,000,000 award.
Celador’s trial lawyers Roman M. Silberfeld and Bernice Conn, partners with Robins, Kaplan, Miller & Ciresi L.L.P. in Los Angeles, said, “We are pleased that Disney recognized the wisdom of reaching this agreement rather than incurring the cost of litigating the prejudgment interest issue in the trial and appellate courts.”
Back in February 2009, we reported on a lawsuit filed by Celador, creator of Who Wants to be a Millionaire?, against The Walt Disney Company on claims that Disney cut its own internal deals and cut Celador out of the process, effectively denying the company of revenue it claims it was owned.
Recently the trial was held and the jury agreed with the game show’s creators, awarding Celador $269.4 Million in damages.
The Walt Disney Company is expected to appeal the decision. In an issued statement, Disney says, ‘We believe this verdict is fundamentally wrong and will aggressively seek to have it reversed.’