Warner Bros Secures Commercial Control of Superman
AliasMarlowe writes "Warner Bros have won an important legal victory over the heirs of one of the creators of Superman, giving it total commercial control of the superhero. An appeals panel unanimously ruled that Jerome Siegel's heirs must abide by a 2001 letter accepting Warner's offer for their 50% share of Superman. The letter was never formally turned into a contract, but the Judge considered that it represented an oral agreement, which was binding. Warner Brothers now owns 100% of the Superman franchise."
Then all this arguing would've been for nothing.
I think the most sensible thing for creators to do now is license rights, as opposed to sell. I'd rather copyright just go away after 20 years, opening up a whole new realm of fiction based on the original, but with the current system licensing seems better than someone getting the rights to your creation and then locking you out of it completely.
To a big company buying up the rights from the little guys isn't a huge expense in the scheme of things, while an artist or writer may find that the offer they are facing will keep a roof over their head for a year or two longer, putting them at a disadvantage at the bargaining table.
How is Superman not public domain by now? He first showed up in 1938. That's over 70 years ago. This is ridiculous.
Authors death + 70 years.
Superman was invented 75 years ago in 1938, in 2013 a god awful movie comes out which must be stopped at all costs. Due to the Grandfather Paradox, we can not stop the creation of Superman; but if Superman falls into the Public Domain before the movie is released, Warner Bros will crease production immediately, knowing that they will never make money off of it. This gives our time traveling hero a short window of 5 years to track down and kill Jerome Siegel before it is too late.
This idea is not protected in any way, if somebody wants to make it into a movie, please do!
DC Comics did pay them...several times over. This is the third time that the heirs went after DC (and Warners) and signed a "final" agreement. In fact, back in the mid or late 40's, DC paid both of them $50k each to settle.
On thing not mentioned here is the reason why this turned into a court case is the lawyer on Siegel's side. Had the Siegel's won, the lawyer would have actually become the controlling party of Superman, not the Siegel's.
They sued, and the judge ruled that the developed didn't have to follow the contract.
Can you maybe site some sources? A news article?
A contract is a contract. It is possible that the purchase contract stated that a X% change in the market allows backing out of the contract. Or that the buyers get the "option" at the contractor's discretion. I am guessing that buyer got screwed over by the small print that they did not read.