Fox sues over 'Watchmen'

Well, now, isn't this fun...

20th Century Fox has initiated a legal battle against Warner Bros. over the rights to develop, produce and distribute a film based on the graphic novel 'Watchmen.'

On Friday, the studio sued Warners, claiming it holds the exclusive copyrights and contract rights to 'Watchmen.'

Warners plans to release next year a big-screen version of the popular comic book written by Alan Moore and illustrated by Dave Gibbons. The cast includes Jackie Earle Haley, Billy Crudup, Patrick Wilson, Carla Gugino and Malin Akerman. It is the studio's policy to not comment on pending litigation.