Spokesmen for both companies released a statement Thursday night that the studios have resolved the dispute in a confidential agreement.
Settlement discussions ramped up after a judge decided last month that Warner Bros. had violated Fox's distribution interests by shooting the film.
Attorneys for both studios are scheduled to meet with U.S. District Judge Gary Allen Feess on Friday and discuss the agreement.
The statement said both studios "look forward with great anticipation" to the film's release.