Disney Faces $600K Copyright Damages Verdict For 'Beauty And The Beast' Remake
Portfolio Pulse from Benzinga Neuro
Walt Disney Co (NYSE:DIS) has been ordered by a federal jury to pay nearly $600,000 for copyright infringement related to its 2017 'Beauty and the Beast' remake. The jury found that Disney used Rearden LLC's MOVA Contour motion-capture technology without permission to animate the Beast's face. Rearden was awarded over $250,000 in actual damages and Disney was recommended to pay more than $345,000 of its profits from the film.
December 22, 2023 | 4:57 am
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Disney has been ordered to pay $600,000 in damages for copyright infringement in the 'Beauty and the Beast' remake case.
The verdict against Disney may have a negative short-term impact on the stock price due to the financial penalty and potential negative publicity. However, the amount is relatively small compared to Disney's overall financials, which may limit the long-term impact.
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