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Boiling Point: Too Early to Talk Avatar?
Turnaround is a vicious loophole, but it's still a legal point. Fox is well within their rights. Even if that makes them jerks.
Fox - "Wow. This Watchmen movie is gonna be big for Warner Bros. Good for them!"
Attorney - "Um, Fox, you actually have the rights to make a movie based on Watchmen."
Fox - "I do? Really? Since when?"
Attorney - "Since the early 1990s, sir."
Fox - "Hmm. Must have forgotten about it. What's Watchmen about, again?"
Bingo that is more then likely the common sense they have at Fox, this whole lawsuit is just Fox trying to get a cut out of a for sure cash cow movie. Watch it turn up in a few years or so that Fox is lying about the whole thing (of them still having rights to the watchmen)
Now that that's out of the way I believe that the current legal situation is another example of a gargantuan movie studio once again taking advantage of a film project that has the potential to truly amaze its fans, and attempting to toss it into the shitter if the project doesn't directly benefit them. I understand that ideally, this film will see the light of day no matter what the legal outcome, however that does not mean that the loophole that is currently being exploited by Fox is in any way just. Especially after the incredible amount of resources that Warner Bros. has already invested into the project. While I know that it is not a real legal possibility, this is how I would personally love for the dispute to be settled: In exchange for half the money that WB has already shelled out, and/or still plans to shell out; Fox may purchase 50% of the rights to the movie. Furthermore, Warner Bros. may retain the right of creative control over the movie. However, Fox will be entitled to half the movie's gross earnings.
It's not perfect, but its a hell of a lot better than a multi-million dollar version of a schoolyard bully looking for lunchmoney.