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OTRC: Charlie Sheen's $100 million lawsuit over 'Two and a Half Men' settled

'Sizzle. Losing. Bye.' - Charlie Sheen during 'Sheen's Corner Episode 4, Building the Perfect Torpedo,' the actor's fourth uStream webcast posted on Monday, March 8, 2011. (youtube.com/user/TheWYTV)

Charlie Sheen has reached a settlement with Warner Bros. and Chuck Lorre over his $100 million lawsuit for his firing from "Two and a Half Men."

"Warner Bros. Television, Chuck Lorre and Charlie Sheen have resolved their dispute to the parties' mutual satisfaction," the studio said in a statement obtained by The Hollywood Reporter on Monday. "The pending lawsuit and arbitration will be dismissed as to all parties. The parties have agreed to maintain confidentiality over the terms of the settlement."

Though the settlement amount was not revealed, the Los Angeles Times reported the amount to be $25 million, while the Hollywood Reporter wrote that Sheen's settlement amount will likely be less but will include the reinstatement of the actor's substantial profit participation on all seasons of "Two and a Half Men," which had been withheld since he was fired.

In June, it was reported that the case would be handled by a private arbitrator and would not go to trial.

The 46-year-old actor filed his lawsuit in March, days after he was axed from the hit CBS comedy series following a slew of erratic on-air ramblings against the show's producers and co-creator Chuck Lorre. During his rants, Sheen coined what would become catchphrases among his fans, namely "Duh, winning!" and "Tiger Blood."

"The court made the appropriate ruling in denying Mr. Sheen's request to stay the arbitration in referring his lawsuit against Warner Bros. and Chuck Lorre to arbitration as his contract calls for," Lorre's lawyer said in a statement to OnTheRedCarpet.com on June 15. "This matter will now proceed in an orderly fashion as the parties agreed to."

Sheen's lawyer said: "The papers to be submitted to the arbitrator will be the same as the ones that have been submitted to the court. They will be given to the arbitrator within a few days, and we expect him to make a decision hopefully in the next couple of weeks."

Lorre and the program's production company, Warner Bros., were ordered by the court to file a status report of the proceedings before the arbitrator on or before Nov. 30. and the case is set to be reviewed two days later, according to legal documents obtained by OnTheRedCarpet.com.

Production on "Two and a Half Men" was suspended in January after Sheen underwent rehab for drug and alcohol addiction and halted in February after he insulted Lorre during a radio interview.

Sheen had said in subsequent interviews that he was sober. Warner Bros. Television said in its firing letter that the actor had "been engaged in dangerously self-destructive conduct and appears to be very ill." Sheen called his firing "illegal."

He said in his lawsuit that Lorre humiliated, harassed and disparaged him publicly and that "Warner Bros. capitulated to Lorre's egotistical desire to punish Mr. Sheen and to stop work on the series for the rest of the season."

He also says Lorre "unilaterally" decided to stop writing scripts for the show in mid-February, weeks after production was suspended following Sheen's rehab stint.

Lorre's lawyer said Sheen's allegations against his client were "recklessly false." Sheen also says that Warner Bros. and Lorre made more than $1 billion off of him, the cast and crew rendering services on the show. Sheen, formerly the highest-paid actor on television, reportedly earned $1.25 million for each episode.

"Can you smell the carnage you created?" Sheen said to Lorre in a webcast that was posted online on the day after his firing. "Can you smell it, Chuck? It smells like malaria. If 'Sad' and 'Stupid' had a foul odor attached, it would be you, (expletive) Borre. You gotta hate that your stage name rhymes with 'Suck.' You picked a fight with a warlock, you little worm."

"Two and a Half Men" premiered in 2003. Sheen played party-loving womanizer Charlie Harper and Jon Cryer was cast as his character's straight-edge brother. Ashton Kutcher was cast on the show in May - which he compared to winning the lottery.

The ninth season premiere of "Two and a Half Men" and Sheen's Comedy Central Roast both aired on September 19. Kutcher made his debut as a broken-hearted billionaire while Sheen's character was mourned in a funeral.

The premiere of the CBS comedy was watched by 28.7 million viewers and earned ratings twice as high as last year's first episode. Sheen's roast averaged 6.4 million viewers and aired an hour after the "Two and a Half Men" premiere.

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