Friday, January 16, 2009


According to several publications, Warner Bros. and Fox have reached a deal, outside of court, that settles their ongoing battle over the distribution and release of the upcoming graphic novel turned movie "Watchmen."

Details of the deal made have Warner Bros. giving Fox the same amount of money that a big time star would get that has gross participation in their contract. Fox will also get about $5-$10 million upfront as a reimbursement for the $1.4 million the studio invested in development fees for the movie years ago and for their legal fees.

Warner Bros. gets the right to open the pic as scheduled on March 6th without Fox's logo or any mention of Fox in the credits. Attorneys for the studios are scheduled to meet Friday morning with U.S. District Court Judge Gary Feess to finalize the settlement.