It's gonna cost a pretty penny, but Warner Bros. gets to send Watchmen into theaters as scheduled.
Warners and 20th Century Fox are expected to let a judge know tomorrow that they have reached a settlement and will not need to go to trial to figure out which studio owns the rights to the highly anticipated superhero adventure.
according to the Hollywood Reporter, Fox is relinquishing all distribution rights for a lump-sum payment and then a percentage of Watchmen's box-office receipts.
After inking a couple of deals with Fox in the 1990s, producer Larry Gordon ultimately took the DC Comics-rooted story to Warners, which went ahead and made what trailers are teasing to be a pretty fanboyrific movie for about $130 million.
Fox sued the rival studio last February, alleging copyright violations because Gordon didn't secure permission from Fox to shop the project elsewhere—a theory that Los Angeles Superior Court Judge Gary Feess more or less agreed with.
