The Walt Disney Company was unable to convince a jury that it’s convoluted accounting practices that strips the profit from any production was just the way of doing business. The result is that they now owe British production company Celedor $270 million as their share of profits in the “Who Wants To Be A Millionaire” franchise. Oops.

The British production company that created the hit game show “Who Wants to Be a Millionaire” says Disney took advantage of its dual role of producing and distributing.

The LA Times takes a closer look at the Hollywood accounting practices and legal contract doctrine that might leave Disney on the hook for millions of dollars when it comes to profits it should have paid out to the creator of Who Wants To Be A Millionaire. Even more amazing, they manage to use plain English to explain it.

Who wants to be a contestant on “Who Wants To Be A Millionaire?” Here’s how to apply for the highly-anticipated 10th anniversary edition hosted by Regis Philbin and running for 11 nights in August, Sundays-Thursdays at (8:00-9:00 p.m., ET) from August 9 to August 23 on the ABC Television Network.