Fox and Warner Bros. have finally settled their dispute over the Watchmen film — whose spring 2009 release had been put in limbo, as the studios fought over revenue sharing agreements.
But now that an agreement has been reached, the much-anticipated Watchmen movie now has the offical go-ahead for its widespread March 6th release.
The war over Watchmen between Fox and Warner Bros. is over. The settlement, finalized late Thursday, has Warner Bros. forking over a chunk of change (including old development costs, plus interest) and a portion of the film’s theatrical revenues. The L.A. Times reports the cash figure at $1.5 million (though Variety says it could be as much as $10 million), while multiple reports say Warner Bros. might be ceding as much as 8.5 percent of the box office receipts. Fox will also get a piece of future sequels or spin-offs (which are unlikely), but it does not appear that the company will be sharing in revenues generated from DVD sales and licensed merchandise.
And so ends months of enormous free publicity for Watchmen, which not so long ago was deemed a marketing-challenged gamble, being that it’s an R-rated, 2 hour-plus superhero epic based on characters nobody knows. But director Zack Snyder’s dark opus now enjoys intense Must See buzz thanks to the mainstream media’s intense interest in Fox’s dogged pursuit of justice, not to mention Warner Bros.’ decision not resolve the matter until six weeks prior to the movie’s March 6 release, just as billboards and TV ads begin flooding the national mediasphere.