That noise you just heard were the mutual releasing of breath by the legions of goth kids and Hot Topic employees who will now likely be able to see a new version of their beloved franchise, The Crow.
Deadline is reporting that the pair of Relativity and The Weinstein Company have come to a settlement regarding the rights to The Crow after TWC claimed that they owned all distribution rights to the franchise. The settlement leaves the duo of companies working together on the franchise reboot, allowing for the project to now move forward once again.
Here’s the statement that was released in regard to the settlement:
The lawsuit between Relativity Media and The Weinstein Company concerning THE CROW has been amicably settled out of court, and the parties will continue to work on the film together as planned. In addition, Relativity Media has dismissed all of its claims against The Weinstein Company for any wrongdoing regarding the release and distribution of NINE, and The Weinstein Company has dismissed all of its claims against Relativity Media.
Personally, as a person who rather dislikes the original film — quite a lot actually — hopes for this project have always been relatively low. The film does seem to be back moving forward, but at this point, nothing has changed much with regards to the actual film. The collective power of each company should be able to get it funding, but is there really a point? Does this franchise hold much weight? What do you think?