Huge Loss For Warner Bros On Superman Rights

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R.I.P. Christopher Reeve

Wow.

Time Warner is no longer the sole proprietor of Superman.

A federal judge here on Thursday ruled that the heirs of Jerome Siegel -- who 70 years ago sold the rights to the action hero he created with Joseph Shuster to Detective Comics for $130 -- were entitled to reclaim their share of the U. S. copyright to the character. The ruling left intact Time Warner’s international rights to the character, which it has long owned through its DC Comics unit.

And it reserved for trial questions about how much the company may owe the Siegel heirs for use of the character since 1999, when their ownership is deemed to have been restored. Also to be resolved is whether the heirs are entitled to payments directly from Time Warner’s film unit, Warner Brothers, which took in $200 million at the domestic box office with its “Superman Returns” in 2006, or only from the DC unit’s Superman profits.

Still, the ruling threatened to complicate Warner’s plans to make more films featuring Superman, including another sequel and a planned movie based on the DC Comics’ “Justice League of America,” in which he joins Batman, Wonder Woman and other superheroes to battle evildoers.