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Thursday, November 13, 2008

Flip This House decision was "hard to prove"

Richard C. Davis, creator-writer-co-producer and star of "Flip This House," a reality program about real estate and one of cable network A&E's most successful series, was awarded $4 Million in damages by a federal jury yesterday.
Davis had claimed that the network had a "50/50" revenue sharing agreement with him and his company, Trademark Properties, Inc., and although it was an oral agreement, the jury returned the landmark decision after only five hours of deliberation.

"I feel personally vindicated by the jury's verdict finding that I have always had an agreement with A&E. This victory is much bigger than me. This verdict makes it clear that if a network uses and profits from someone's concept for a television show, they need to pay for it. I am thankful that we were able to win one for the little guy," Davis said.