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We reported earlier today that Warner Bros. and Fox had filed a Notice of Settlement Status and were all set up to have a meeting in judges’ chambers to go over the last remaining details of the settlement.

Now, we’re getting confirmation from IESB that the two studios have indeed settled. There are no details on dollar figures yet, but there are a few main points:

• On Friday, they will appear before Judge Feess to have the case dismissed
• Fox will be getting a hefty sum and a percentage of the film’s gross
• Fox will NOT have any ownership of the film and will NOT be the distributer of the film, meaning that
• Warner Bros. will retain full control of the movie and the distro

There’s really nothing surprising here. Fox is getting a sick amount of money – how sick we have yet to see – and will take some of the box office for a project they didn’t do anything for.

The best news is that Warner Bros. will retain the creative control over the film’s release. Judging by the comment sections and my email inbox, I know a lot of FSR readers were concerned that if Fox got some control, they’d stall the film or demand to recut it. Luckily, those nightmare scenarios have been avoided.