Thursday, January 15, 2009

Watchmen case is settled

Fox and Warner Bros. have reached a settlement that will see Watchmen released as scheduled on March 6, with Warner Bros. as the only studio logo in the film (Variety). Fox, in return, will receive an upfront $5-10 million to compensate for the money they spent developing the project way back and their legal costs for the trial, plus a gross participation scaling from 5% to 8.5%--a sum that normally only top movie stars can demand. Fox will also be able to participate in any sequels or spinoffs. Which there hopefully won't be any of. Please, please, please no sequels! The legal saga may continue if WB sues producer Larry Gordon for bringing them the project without having the full rights to it, but the important part, as far as I am concerned, is settled. Watchmen will be released in theaters as scheduled.

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