Well, that's probably not true -- the movie is currently proceeding as planned, and Fox will likely just end up with a (lucrative) piece of the action. Nikki Finke of Deadline Hollywood Daily has the definitive account of this story, replete with legal terms and enough information to ensure you'll be an expert on this case. According to her post: "Warner Bros execs are decrying to me what they say is Fox's 'opportunistic claim,' noting that 'Fox sat on its so-called rights for years while other studios in town developed this property. In fact, Paramount greenlit the movie for production and Fox never said a word! Fox even had an opportunity to re-acquire the project at some point and it passed on it!'"

I predict that Fox and Warners will settle, with Warners ponying up a large percentage of the profits to Fox. But if I'm wrong, I don't want to be at Movies Without Pity Headquarters when they tell Zach, our resident Watchmen addict, that his movie has gone the way of The Comedian. Remember that harrowing, brilliant scene in White Heat when Jimmy Cagney's Cody Jarrett finds out in prison that his evil, beloved Ma has died? Get ready for White Heat II starring Mr. Oat. [Given my pasty complexion, the film could conceivably be subtitled The Whitest Heat You've Ever Seen. - Zach]