has made a deal with Warner Brothers
concerning the Watchmen. The film is scheduled to open as planned March 6th, but the Fox
logo will not be on it according to Variety
Fox will get a gross participation in "Watchmen" that scales between 5% and 8.5%, depending on the film’s worldwide revenues.
A joint statement said, "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 Brothers 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."
The attorneys for both sides are scheduled to meet with Judge Gary Feess
on Friday to finalize the arrangement.
PULSE readers can learn more details about the agreement here:http://www.variety.com/article/VR1117998665.html?categoryid=13&cs=1