More “Watchmen” Settlement Details

Further details on the “Watchmen” confidential court settlement have come to light via Variety.

Sources have indicated that 20th Century Fox will receive between $5 million and $10 million upfront to reimburse the $1.4 million the studio invested in development fees along with millions of dollars in legal fees incurred during the case.

Fox will also get a gross participation in “Watchmen” that scales between 5% and 8.5%, depending on the film’s worldwide revenues, and will be a gross player in any sequels and spinoffs.