1.18.2009

Watchmen Deal Reached


According to the AP:

LOS ANGELES (AP) -- The superhero film "Watchmen" will be watched by audiences after all - and on time.

Warner Bros. and 20th Century Fox settled their nearly yearlong dispute over the movie on Thursday, the studios announced in a joint statement.

The movie will open in theaters as planned on March 6, the statement said. The exact terms of the agreement were not disclosed and will remain confidential.

The release date had been in doubt for months as each studio's attorneys grappled for an upper hand. Fox contended that Warner Bros. shot the film knowing that it didn't have all the adequate rights; Warner Bros. countered that Fox had lost its rights in the graphic novel and was owed nothing more than a right of first refusal.

At stake was a movie that has stoked the excitement of "Watchmen" fans and that Warner Bros. claims cost it $150 million to film and market.

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