Friday, January 16, 2009

Fox and WB agree to terms over 'Watchmen'.

That's right. If you have been keeping up, WB and Fox have had a very large lawsuit since last February and have officially ended the dispute according to Variety. This means the March 6th release date is concrete, and the troubled pic will be finally seen on screen.

Now, as a fan of Watchmen, I have mixed feelings about it being made into a feature film, let alone one under three hours, but I am generally optimistic about the way in which Zack Snyder has handled himself and the material.

The terms are not public yet, but according to the article by Variety:

Fox, on the other hand, will emerge with an upfront cash payment that sources pegged between $5 million and $10 million.

Fox will get a gross participation in "Watchmen" that scales between 5% and 8.5%, depending on the film’s worldwide revenues.


So, Fox is making out fairly well according to sources, and still retains the right to take in a gross from any sequels or spin offs, which would probably be widely ridiculed by the numerous Watchmen faithful.

However, Hollywood does have a tendency to bastardized any and all things sacred to make a buck, and if this becomes the hot property that many believe, I wouldn't be surprised to hear another film being planned.

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