Who Watches The Watchmen? Why, Fox Studios, Of Course
MayorBob.
Posted to Business on Thu Aug 21, 2008 at 12:59:56 PM EST (promoted by port1080). RSS.
If you've been to your local cineplex recently, chances are you saw the trailer for The Watchmen, scheduled for release in early 2009. Scheduled for release, but looking more and more like it might never see the inside of a movie house. Why? Because Fox Studios believes it has Warner Brothers outfoxed.
The much anticipated film treatment of Alan Moore's classic graphic novel (none dare call it a comic book) of crime and retired super heroes is on the schedule for release next March. Reportedly, Warner Brothers has pumped close to (US)$120 million into the venture, so this is serious business. But, property rights are serious business also. And Fox claims that back in the 1980s it paid good money for the distribution rights to a movie made from the novel. It filed a suit this past February reasserting its claim. Just recently, a federal judge refused to dismiss Fox's suit. Judge Gary Fees seemed to rule that Warner Brothers doesn't even have a right to the movie it has produced at all:"It is particularly noteworthy that nothing on the face of the complaint or the documents supplied to the Court establishes that (Watchmen producer Larry) Gordon, the claimed source of Warner Brothers' interest in Watchmen, ever acquired any rights in Watchmen."
This leaves the movie in legal limbo. By March, it'll be totally prepared for release but, unless some middle ground can be found, it won't light up any movie house anywhere. All of which has fanboys of the novel up in arms that Fox is doing what Fox is doing. The prospects of Fox burying Watchmen has these same fanboys threatening to take action against the evil empire at Fox.
Fox is sticking to its legal guns on this one and Warner Brothers seems to believe it can win out between now and March. Of course it's possible that Warner Brothers will just pony up a nice round sum to make Fox go away. The question being how much should that settlement be? Just to place this in context, almost exactly the same scenario played out before back in 2005. That's when Warner Brothers forked over $17.5 million to a Georgia producer for the copyright to the property the movie The Dukes of Hazzard was based on.
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