A federal appeals court upheld an earlier decision from a lower court that A&E Television Networks must pay about $4 million to real estate investor Richard Davis as a share in the profits from "Flip This House," reports the Los Angeles Times’ Company Town blog.
Davis sued A&E, which is owned by Hearst, Walt Disney Co. and NBC Universal, in 2006, claiming that executives of the network reneged on their promise to pay him half of the profits from the show, the story says. Davis came up with the concept of a show about house flipping in 2004, the article adds.
"Flip This House" debuted in 2005 at the top of the housing market, and featured Davis in the first season, although he and the network had a falling out after that and A&E brought in a new team to continue the show’s production, the story says. The show was canceled in 2009.
"I’m tickled to death that I stuck with my case," Davis told the publication. "It was a matter of principle. The show was my idea, I created it, and they stole it. But I’m not bitter anymore."