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Warner Bros. and Fox Settle Watchmen Suit

watchmensmall-010809Great news in the Warner/Fox Watchmen suit.  The two studios have settled their dispute.  The two sides will present a settlement to Judge Gary Feess soon and request that the case be dismissed.

Terms of the agreement were not disclosed, but the deal is said to involve a sizable cash payment to Fox and a percentage of the film’s boxoffice grosses; Fox will not be a co-distributor on the film, nor will it co-own the “Watchmen” property, but it will share in revenue derived from it. The studios released a joint statement last night.

“Warner Bros. acknowledges that Fox acted in good faith in bringing its claims, which were asserted prior to the start of principal photography,” the statement read. “Fox acknowledges that Warner Bros. acted in good faith defending against those claims.”

Source: THR

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