Some ‘Watchmen’ closure finally comes

Fox and WB have come to an agreement on the fate of ‘Watchmen’, so no more worrying on whether it will come out or when.

THR gives us this:

Terms of the agreement will not be disclosed, but it is said to involve a sizable cash payment to Fox and a percentage of the film’s boxoffice. Fox will not be a co-distributor on the film, nor will it own a piece of the “Watchmen” property going forward. The studios are set to release a joint statement announcing the agreement Friday.

A Warners spokesperson would not comment on the settlement. A Fox spokesman said no final deal had been reached.

Fox sued Warners in February, claiming copyright infringement based on agreements the studio had with producer Larry Gordon. Feess ruled on Dec. 24 that Gordon did not secure the proper rights to “Watchmen” from Fox before shopping the project and eventually setting it up with Warners. Feess’ decision prompted settlement talks to heat up because Warners faced the prospect of an injunction stopping its March 6 release of the $130 million comic book adaptation.

This is a beautiful thing, so now all the geeks can calm down and all the tensions between our fox lovers will go away.