Great news! After a weekend and half a week of (positive) settlement talks in the Watchmen case, Warner Bros and Fox have finally come to an agreement. Tuesday's court conference between Warner Bros. and 20th Century Fox has been canceled. So what does that mean?
While the details of the agreement are not yet known -- expect an official announcement tomorrow -- the best news has to be the fact that Watchmen will arrive to theaters as scheduled.
Can you hear that? That's the sound of millions of geeks exhaling.
Watchmen Case Settled
While we don't know the exact details, the assumption is that Fox will receive a hefty sum up front and a percentage of the film's box office. What Warner Bros. gets out of the deal is the removal of Fox from the Watchmen property. From this point forward Fox will have no claim to Watchmen and will therefore not be given the responsibility of co-distributing the film.
If you haven't been keeping up with the Watchmen drama, it all kicked off beck in February when Fox claimed copyright infringement against Warner Bros. on the grounds of an agreement the studio had with producer Larry Gordon. Feess agreed with Fox by giving an early ruling stating that Gordon did not secure the proper rights to Watchmen before taking it to other studios.
With a possible injunction that would stop Watchmen's March 6th release, Warner Bros. was forced to the table for settlement talks.
Fox had reason to settle as well, considering that both fans and producers have grown to hate the studio over the past few months thanks entirely to the Watchmen debacle.
While we are already celebrating, don't start counting your chickens until tomorrow. No final deal has been signed, and something this volatile could crumble like a house of playing cards.