Though specific details haven’t been released, the dispute between Warner Bros. Pictures and 20th Century Fox over “Watchmen” has been resolved according to The Hollywood Reporter.
Both studios are scheduled to present a settlement to Judge Gary Feess this morning and request that the case be dismissed.
Fox will not be a co-distributor on the $130 million film, nor will it co-own the “Watchmen” property. It will share in revenue derived from it, a deal expected to involve a sizable cash payment and a percentage of the film’s boxoffice grosses.
Warners is said to be after producer Larry Gordon and his attorneys to reimburse the studio for costs of the settlement.
Here’s an official joint statement from both parties that has just been released:
“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.”