Oh-oh…trouble for Watchmen? Probably not…just Warner Bros. making a big payout because of legal issues. Sigh.
“A federal judge has denied a Warner Bros motion to dismiss 20th Century Fox’s legal battle over the rights to develop, produce and distribute a film based on the graphic novel Watchmen. This is huge Hollywood news because Warner Bros plans to release on March 2009 its highly anticipated big-screen version of the popular comic book written by Alan Moore and illustrated by Dave Gibbons. Fox was seeking to enjoin Warner Bros from going forward with the project, and U.S. District Court Judge Gary Allen Feess on Friday refused to dismiss the lawsuit filed by Fox on February 12th of this year.”
“In essence, the Judge appears to conclude that Fox retained distribution rights in Watchmen through the 1991 Largo quitclaim, and he concludes that, under the 1994 turnaround, producer Larry Gordon acquired an option to acquire Fox’s remaining interest in Watchmenthat was never exercised, thereby leaving Fox with its rights under the 1994 agreement,” a 20th Century Fox source just told me.”
– ” SAVE US! Warner’s ‘Watchmen’ In Legal Peril After Judge Won’t Dismiss Fox Suit“, Nikki Finke’s Deadline Hollywood Daily