WB & F*cking Fox settle over Watchmen – Official Statement

watchmenbabies

We just received the official Statement from WB & Fox…

“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.”

So what’s this mean….? WB paying off Fox…

Warner Bros. and Fox have resolved their dispute over “Watchmen,” with the studios scheduled to present a likely settlement to Judge Gary Feess on Friday morning and request that the case be dismissed. Terms of the agreement will not be disclosed, but it is said to involve a sizable cash payment to Fox and a percentage of the film’s boxoffice. Fox will not be a co-distributor on the film, nor will it own a piece of the “Watchmen” property going forward. The studios are set to release a joint statement announcing the agreement Friday. – from THR

Also, a cash payment upfront including recoupment of its development costs and attorney fees, a draft pick to be named later, and god-only-knows what else because neither Fox nor Warner Bros would comment on the terms of the deal. – from Deadline Hollywood