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Post by goldenfist on Jan 15, 2009 20:55:27 GMT -5
Word has come that Warner Bros and Fox have settled their legal dispute over the rights to the film version of Alan Moore and Dave Gibbons’ Watchmen. According to The Hollywood Reporter, the settlement details will be delivered to Judge Gary Feess on Friday morning, and the parties will then request that the pending legal case be dismissed, saving both studios millions, and ensuring that the film will meet its March 6th release date.
As the trade reports, no terms will be made public, but reportedly includes a “sizable cash payment” and a portion of Watchmen’s box office. As a result of the deal, Fox will have no piece of Watchmen, and will no co-distribute the film.
While this portion of the case may be over, for Watchmen Producer Larry Gordon, the problems may just be starting. It has been reported that Warner Bros. will seek reimbursement for the amount being paid to Fox from Gordon, due to the fact that Gordon’s attorney from 1994, when he left Fox, admitted that he did not inform Gordon or Warner Bros. of the claim Fox had on the Watchmen film. The move by Warner Bros. is tantamount to the studio laying the blame for the entire matter at Gordon’s feet.
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