“This lawsuit was based on a misunderstanding, which I am happy to say has been resolved,” Winkler said in a statement on Wednesday. “I have been making movies at Warner for more than 25 years, and consider the folks there to be extremely trustworthy, professional and skilled. Most recently, I had a great experience making ‘Creed’ with Warner and MGM, and look forward to a long and continued collaboration with them.”
Terms were not disclosed.
In his lawsuit, Winkler claimed that the studio failed to pay him the 50% of net profits guaranteed in his contract. His suit claimed that the studio “intentionally misrepresented” receipts from the movie.
A Warner Bros. spokesman said they had no comment.
The lawsuit was filed in Los Angeles Superior Court on Monday, and alleged fraud and breach of contract. Winkler, represented by Bert Fields, sought damages of at least $18 million.
Winkler’s lawsuit took aim at the way that Warner Bros. calculated home video royalties for profit participants. He contended that his contract said that his share would be calculated from “all” home video gross receipts, not from a 20% portion that became an industry practice and is now being challenged in a number of lawsuits over movies made in the 1970s, ’80s and ’90s.