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Jonathan Bailey's Library tagged settlement   View Popular

12 Feb 09

WB, Fox make deal for 'Watchmen' - Entertainment News, Film News, Media - Variety

  • Fox, on the other hand, will emerge with an upfront cash payment that sources pegged between $5 million and $10 million, covering reimbursement of $1.4 million the studio invested in development fees, and also millions of dollars in legal fees incurred during the case.

    More importantly, Fox will get a gross participation in "Watchmen" that scales between 5% and 8.5%, depending on the film’s worldwide revenues. Fox also participates as a gross player in any sequels and spinoffs, sources said.

  • Though it was denied by both studios, sources said that in recent weeks that WB and Fox discussed several intriguing horse-trading scenarios after WB choked on Fox’s initial ask of 10% gross and distribution in some overseas territories.
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