Movies
The two studios have been at loggerheads over copyright issues for the superhero epic, with Fox claiming that it owned the right to distribute the first film based on Alan Moore and Dave Gibbons's celebrated graphic novel.
Both parties will present their settlement to Judge Gary Feess this morning and ask for the case to be dismissed, The Hollywood Reporter claims. Under the agreement, Fox will receive a cash payment and a percentage of the movie's box office takings, but will not co-distribute or own any rights going forward.
A statement from both studios said: "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."
Warner Bros is allegedly asking Lawrence Gordon, who did not secure the full Watchmen rights when he brought the project to the studio, for reimbursement due to the cost of the settlement.
> Click here for our recent interview with Watchmen artist Dave Gibbons
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