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Warner Bros. Wins Superman Court Case

supermanreturns-071009Warner Bros. and DC Comics have come out on top in a recent suit filed by the heirs of Superman co-creator Jermoe Siegel, according to Variety:

In a decision announced Wednesday, U.S. Judge District Court Judge Stephen G. Larson found that the license fees the studio paid to corporate sibling DC Comics didn’t represent “sweetheart” deals as they weren’t below fair market value. That means the heirs will be able seek profits only from DC Comics — which earned $13.6 million from Warner Bros. for the 2006 release of “Superman Returns” — rather than from Warner Bros. as well.

DC Comics and Warner Bros. Entertainment released a joint statement on the favorable court outcome:

DC Comics and Warner Bros. Entertainment are very gratified by the court’s thorough and well-reasoned decision in this matter,” the companies said in a joint statement. “The decision validates what DC and Warner Bros. have maintained from the beginning, which is that when they do business with each other, they always strive for — and achieve — fair market value in their transactions. We are very pleased that the court found there was no merit to plaintiffs’ position that the Superman deals were unfair to DC Comics and, by extension, the plaintiffs.

Another interesting development from the proceedings was what WB chairman Alan Horn had to say about a new Superman film.  Horn revealed that he hopes to make another film but that the property is currently not under development at the studio.  It has no script and the earliest a film could be released would be in 2012–six years after Superman Returns.