Variety‘s Michael Fleming and Dave McNary are reporting that Warner Bros. and 20th Century Fox “have settled their battle over Watchmen with WB getting some face-saving points, but Fox getting the equivalent of a movie star’s gross participation.
“Warner Bros. gets the right to open its superhero pic on March 6th as planned, and the WB logo will be the only one on the film, sources said.
“Fox, on the other hand, will emerge with an upfront cash payment that sources pegged between $5 million and $10 million, covering reimbursement of $1.4 million the studio invested in development fees, and also millions of dollars in legal fees incurred during the case.”
