Superman Setback For Warner Bros.?

Superman Setback For Warner Bros.?

According to The Hollywood Reporter, there was what could be a major setback for Warner Bros. in terms of the Man of Steel.

By EdGross - Apr 13, 2011 11:04 AM EST
Filed Under: Superman
Source: The Hollywood Reporter

Says the article, "A judge has rejected Warner Bros.' attempts to pry open secret documents that purportedly show an agreement between the estates of Superman co-creators Joel Shuster and Jerry Siegel not to make further copyright deals with the studio. The documents are said to also contain a formula for how the two estates will share proceeds on Superman once they successfully terminate Warner's rights to the lucrative franchise.... The two estates has been fighting with Warner Bros. for more than a decade over Superman rights and profits, sending notices in the mail in 1999 that purported to exercise termination rights under the 1976 Copyright Act. The heirs filed suit in 2004 that sought a declaration that they had successfully terminated rights to the first Superman comic book published by Detective Comics in 1938, which contains much of the famous mythology of the Man of Steel. In 2008, on summary judgment, a judge granted that wish.

"The shielded document may contain clues about the future of Superman. By 2013, Warner is set to lose certain rights to the character to both the Siegel and Shuster estates. In the meantime, Warner Bros.’ big-budget reboot Superman: Man of Steel is currently in advanced development and the issue of who will own what is also at the doorstep of the Ninth Circuit Court of Appeals."

For more, follow the link.

About The Author:
EdGross
Member Since 11/24/2008
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