Warner Bros. and Fox have finally reached a settlement over “Watchmen” with plans to present the resolution to Judge Gary Feess this Friday morning for dismissal of the case. While the terms of the settlement have not been disclosed, it is known that Fox will received a sizable cash payment as well as a percentage of the box office. The good news, however, is that Fox will no longer be a co-distributor of the film nor will it own any of the “Watchmen” property afterwards. Booyah!
Here is the official statement released from the studios:
Warner Bros. and Twentieth Century Fox have resolved their dispute regarding the rights to the upcoming motion picture Watchmen in a confidential settlement. Warner Bros acknowledges that Fox acted in good faith in bringing its claims, which were asserted prior to the start of principal photography. Fox acknowledges that Warner Bros. acted in good faith in defending against those claims Warner Bros. and Fox, like all Watchmen fans, look forward with great anticipation to this film’s March 6 release in theatres.
There is also news that Warner Bros. is pursuing Larry Gordon (the producer) and his attorneys for reimbursement of the costs for this settlement.
As long as Judge Feess agrees with the terms tomorrow morning, I think we can all rest at ease and save ourselves the grief of chucking away those “Watchmen” countdown clocks. “Watchmen” will, almost without a doubt now, hit theaters 03.06.09 🙂