A settlement in the three-way “Dieter” litigation between Mike Myers, Universal and Imagine was reached Tuesday and a signed deal is predicted by the end of today.
Late Tuesday night, the settlement — which covers all three parties — had not yet been signed.
Details of the settlement were not disclosed, but sources said that it involves another studio — presumably DreamWorks — and another picture — presumably another Myers creation in lieu of “Dieter,” the German pop existentialist talk-show host.
The barrage of settlement rumors over the past week stemmed from the on-again, off-again nature of the talks.
“We thought we had it done several times, but it just kept blowing up,” one source said.
At an earlier stage of the negotiations, Steven Spielberg stepped in to try to mediate.
More recently, his DreamWorks partner, Jeffrey Katzenberg, has mediated. Katzenberg has worked with Myers for the past year on the upcoming DreamWorks animation feature “Shrek.”
Bert Fields, who represents Imagine and has close ties to Katzenberg, said, “Jeffrey was enormously helpful in getting the parties to a position where settlement was thinkable.”
Litigation began in June, when Universal sued Myers for breach of contract, accusing him of walking off the “Dieter” feature.
In July, Imagine jumped into the fray, claiming Myers breached a separate deal with it. A week later, Myers sued Universal, claiming the studio tried to bully him into making “Dieter” with an unacceptable script.