Reel To Reel: Watchmen Dispute Settled.

Did you hear that?

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This morning, comic geeks worldwide breathed a collective sigh of relief. Why, do you ask? Because their holy grail will still open in theaters on March 6, 2009.

Yep, The Watchmen movie dispute has been settled.

Details after the jump…

Just for clarification, this news is literally all over the web so it ain’t hard to find. I chose to use the links from CBR’s new blog, Robot 6, because they had the most info at the time and I could give JK and Kevin a link – whassup fellas…

Anyway, here’s the skinny. New York Magazine’s entertainment blog, Vulture, had the preliminary info from Variety until the updates began fast and furious.

Variety now provides more concrete figures: Fox’s gross participation will be on a sliding scale, ranging between 5 percent and 8.5 percent, depending on Watchmen’s worldwide revenues. The studio reportedly also will receive between $5 million and $10 million upfront to cover the other expenses.

But still, the hits keep on coming….

Hollywood-watcher Nikki Finke has some of the behind-the-scenes details, plus the fake ass kiss-and-make-nice-nice joint statement from the studios:

    “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 Bros. 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.”

Attorneys will present the settlement at 9:30 a.m. (PST) today to U.S. District Judge Gary A. Feess and request that the case be dismissed.

Okay y’all – breathe. Everything is alright…

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~ by sladewilson on January 16, 2009.

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