Variety reports that Warner Bros. and Fox have made a deal in order to release the much anticipated Watchmen in time.

Warner Bros. gets the right to open its superhero pic on March 6 as planned, and Fox’s logo will not be on the film, sources said.

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.

U.S. District Court Judge Gary Feess will meet with attorneys on Friday morning in Los Angeles to finalize the settlement.

I literally finished reading the last page of the Watchmen graphic novel the second this news broke, so I was just in time. I don’t read many graphic novels but I was blown away by this one. I can’t wait to see how it transfers to the big screen and I really hope they get that ending right.

Will you be at the theater at midnight on March 6th for the Watchmen?