Hallelujah! The war between Fox and Warner Bros. over the Watchmen film has finally come to an end.
The settlement, finalized on Thursday, has Warner Bros. forking over a large sum of money (including old development costs, plus interest) and a portion of the film’s theatrical revenues. Ouch!
The L.A. Times reports the cash figure at $1.5 million (though Variety says it could be as much as $10 million), while multiple reports say Warner Bros. might be in for as much as 8.5 percent of the box office receipts. Fox will also get a piece of future sequels or spin-offs, but won’t be sharing revenues garnered from DVD sales and licensed merchandise.
While it’s gonna cost Warner Bros. quite a bit of money, at least the film will actually make it into theatres. It’s set for release on March 6th, 2009.
Read more about the lawsuit here.
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