Thursday night Warner Brothers and 20th Century Fox reached a settlement over who owned the distribution rights to the superhero tale "Watchmen." The nearly year-long battle between the studios had threatened to push back the March 6 release date of film- but no more.

Details from The Hollywood Reporter:

Terms of the agreement were not disclosed, but the deal is said to involve a sizable cash payment to Fox and a percentage of the film's boxoffice grosses; Fox will not be a co-distributor on the film, nor will it co-own the "Watchmen" property, but it will share in revenue derived from it. The studios released a joint statement last night.

"Warner Bros. acknowledges that Fox acted in good faith in bringing its claims, which were asserted prior to the start of principal photography," the statement read. "Fox acknowledges that Warner Bros. acted in good faith defending against those claims."

We've been hearing rumors of a Watchmen movie since our days as a pre-pubescent comic book geek, and it's hard to believe it'll hit the big screen in less than 2 months.

Previous coverage: What's Going On With Watchmen? Alan Moore's work is jinxed. ComicCon Watchmen panel.