Thursday, January 15, 2009

Fox and Warners Settle "Watchmen" Dispute..

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Fox has resolved its dispute with Warner Bros. over the March 6 release of the Vancouver-lensed "Watchmen" movie.

Terms of the agreement will involve a $izable cash payment from Warners to Fox plus a percentage of the film's box office, with Fox relinquishing distribution/ownership rights in the "Watchmen" property.

An official statement will be issued on Friday.

Fox sued Warners in February of 2008, claiming copyright infringement based on agreements the studio had with producer Larry Gordon, with a Judge declaring On December 24, that Gordon did not properly secure the rights to "Watchmen" from Fox before shopping the project and setting it up with Warners.

Warners is reportedly pursuing the producer and his attorneys to reimburse it for the costs of the settlement...