WB and Fox Settles — Watchmen is Saved!

Although we all knew it would eventually end up in a big settlement where Warner Bros. agrees to pay Fox a hell of a lot of moolah in return for Fox dropping their lawsuit on the “Watchmen” property, I think there’s a little sigh of relief all across geekdom that “Watchmen” will, in fact, open as originally planned on March 6, 2009. News out of Hollywood is that the two studio giants have settled, with Fox getting an assload of cash for their efforts, and Warner Bros. agreeing to take one for the team. Meanwhile, fanboys everywhere hastily rush to get time off from work so they can line up at the movie theater, as fanboys are wont to do.

THR has your good news:

Warner Bros. and Fox have resolved their dispute over “Watchmen,” with the studios scheduled to present a settlement to Judge Gary Feess this morning and request that the case be dismissed.

Terms of the agreement were not disclosed, but the deal is said to involve a sizable cash payment to Fox and a percentage of the film’s boxoffice grosses; Fox will not be a co-distributor on the film, nor will it co-own the “Watchmen” property, but it will share in revenue derived from it. The studios released a joint statement last night.

“Warner Bros. acknowledges that Fox acted in good faith in bringing its claims, which were asserted prior to the start of principal photography,” the statement read. “Fox acknowledges that Warner Bros. acted in good faith defending against those claims.”

This is good news and all, but a part of me wonders what kind of entertainment we would have gotten had Fox decided to keep on with the lawsuit, if for no other reason than just to screw with Warner Bros. Let’s face it, when the big boys fight, we all win. Unless you really, really wanted to see “Watchmen”, that is, then you probably don’t win. But come on, it’s not like they wouldn’t have released the movie … eventually.

Oh well. I guess we’ll just have to make due with, you know, watching the actual movie. C’est la vie.

Below: Approached for comment on the settlement, “Watchmen” creator Alan Moore replied, “Get off my lawn!”