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Warners, Charlie Sheen to settle dispute over broken contract, firing

Actor Charlie Sheen is reported to be nearing an agreement in his $100 million lawsuit against Warner Brothers over his termination from the "Two and a Half Men" sitcom. The case has been in private arbitration in an effort to end the litigation against the studio and Chuck Lorre, the co-creator of the show.

Both Lorre and Sheen filed separate legal actions against each other after Sheen was suddenly fired from the popular TV show. The firing was apparently in reaction to Sheen's unusual public behavior in the months leading up to it.

According to early reports on the settlement, Sheen is set to receive millions of dollars in a one-time payment from the studio. The show's co-creator will not pay anything in the final settlement. In exchange for the payout, Sheen will agree to cease all legal action in the matter.

According to THR, Esq., a spokesperson for the Warner Brothers studio would not comment on the case or the proposed settlement. An initial report of the settlement amount that appeared in the Los Angeles Times set the figure at $25 million.

A source claims that this amount includes profit sharing for the "Two and a Half Men" show, which the studio has been withholding since Sheen started speaking out against his former employer. It is also reported that the settlement will include additional revenue from the show's production. Sheen was said to have been paid $1.2 million per episode before he was fired from the show.

In recent television appearances, Sheen has back peddled on the negative comments made about the studio and has offered something of an apology to the cast and the studio for his comments.

Source: The Hollywood Reporter, Esq., "Charlie Sheen Close to Settling 'Two and a Half Men' Legal Case; Will Be Paid Millions," Matthew Belloni, Sept. 19, 2011

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