Phew, That 'Watchmen' Lawsuit Thing is Done

January 16, 2009

watchmen-teaser.jpg

Well, you can stop worrying that Watchmen won't make its March 6 release because of the legal battle over rights. Deadline Hollywood and several other sources (thanks, everyone, for sending things here) are reporting a settlement has been reached between Warner Bros. and Fox:

The deal is finally done, and Warner Bros' highly anticipated Watchmen -- based on the comic book series/graphic novel written by Alan Moore and illustrated by Dave Gibbons -- won't be held hostage. I'm hearing that in tonight's settlement, Fox will not be an active distributor of the pic, but will receive up to 8 1/2% gross participation in the pic, and a piece of everything going forward including a sequel or spinoff, and a cash payment upfront including recoupment of its development costs and attorney fees, and god-only-knows what else.

Good thing they got the sequel and spinoff rights sorted as well. I don't want to go through this again for Watchmen 2, 3, & 4.

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