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Watchmen settlement details

Posted by on Jan 16, 2009 in Uncategorized | Comments Off

Now that warner bros. and fox have agreed on a settlement we now have the details on what warner bros. will have to do to keep their film.  And yes watchmen will be released on march 6th as planned!

Here’s what we know warner bros. is forced to do now;

Warner bros. will have to pay fox between 5-10 million dollars upfront, as well as court costs and the 1.4 million fox had put into developing the film.

Warner bros. will have to give fox between 5% and 8.5% of the backend profits based on the films overall worldwide profits.

A joint statement was also released showing the ‘love’ the two studios still have for each other: “Warner Bros. and Twentieth Century Fox have resolved their dispute regarding the rights to the upcoming motion picture “Watchmen” in a confidential settlement. Warner Bros. acknowledges that Fox acted in good faith in bringing its claims, which were asserted prior to the start of principal photography.

Sounds like a great pr move. Either way we can now throw all this watchmen business behind us an anticipate the actual movie just like the rest of the movie going public.

 

Source: Variety

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Daniel Herrera

I am a self aware film freak, and though many people believe it to border on fanaticism, I have always had a desire to be somehow connected to film. I have a very strong affection for horror films of all kinds, though judging from my film library many consider me to be a bit schizophrenic in my choices. For years now I have been the sole film critic for those around me as my head is basically an encyclopedia of film knowledge. I can always use examples from movies to answer questions or to solve problems that my friends may have.

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