Variety reports that the the fight between Warner Bros. and Fox over the rights to the film adaptation of the comic WATCHMEN has ended in settlement. The one true winner is the fans,WATCHMEN is still scheduled for its March 6th release dates and the avid audience won’t have to wait for their fix. As for the studios, Warner keeps the rights to release the film, and Fox will not have their name on it. However, Fox will receive a sizable back-end chunk out of the gross worldwide, and an upfront $5 million to $10 million to cover court fees, and development when it was in Fox’s hands.
A joint statement said, “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 Brothers 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.”
