BlueLantern
Hope Burns Bright
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I read a story recently stating that the Judge might award the heirs custody of the 1930s version of Superman, but give Warner Bros. and DC the rights to the modern Superman, if they are deemed sufficiently different enough properties to be classified as two separate intellectual properties. This apparently happened with Todd McFarlane and one of his collaborators who was suing him for the rights to Medieval Spawn. The Judge decided that Medieval Spawn was different enough from vanilla Spawn to be considered a different IP, and thus Todd McFarlane does not own that version of Spawn and the guy who does own it is allowed to do with it as he pleases.
Honestly though, if that happens then DC is getting the lion's share, because Superman has evolved a great deal since the 1930s and the modern superman is the one people associate the character with. If such a ruling is enough to keep both parties happy though, then I'd be OK with it.
One of his collaborators happens to be Neil Gaiman. One of the best comic book writers around.
I doubt it'll get split. In the end there'll be an out of court settlement of some form resulting in regular royalties going to the Siegel & Shuster estate in the same way it does Bob Kane's estate.