Posts Tagged ‘US’

‘MILLIONAIRE’ AFTERMATH: WHY DO STUDIOS KEEP LOSING LAWSUITS?

Wednesday, 7 July, 2010

For the record.

‘MILLIONAIRE’ AFTERMATH: WHY DO STUDIOS KEEP LOSING LAWSUITS?

Wed Jul 07, 2010 @ 06:58PM PST

By Matthew Belloni

Perhaps studio execs should start volunteering for jury service.

Wednesday’s $270 million verdict against the Walt Disney Co. over profits from “Who Wants to Be a Millionaire” is part of a trend that should have Hollywood heavyweights worried: Juries lately are skeptical of so-called “Hollywood accounting” — and are not hesitant to award huge damages to creative types who cry foul.

Consider the evidence: A Riverside, Calif., jury of five women and four men, none of whom work in entertainment, awarded $269.4 million in damages to “Millionaire” producer Celador after only three days of deliberations — by far the largest jury award ever in a case alleging self-dealing among studio-owned entities. It unanimously endorsed Celador’s argument that (more…)