A scheduled Tuesday court conference between Fox and Warner Bros. attorneys has been cancelled, fueling talk that a settlement in the contentious Watchmen case is imminent.
Fox sued Warners last February, saying the studio infringed on its rights to make the comic book adaptation. In December, when federal judge Gary A. Feess ruled that Fox has distribution rights to the film, Warners faced the prospect of having the film’s March 6 release blocked.
Settlement talks between the two sides became serious over the weekend and continued to heat up yesterday.
A settlement could cost Warners tens of millions of dollars as Fox is reportedly asking for upfront fees as well as a percentage of the back-end.
Source: The Hollywood Reporter