An anonymous reader quotes a report from Hollywood Reporter: Stand down from battle stations. Star Trek rights holders CBS and Paramount have seen the logic of settling a copyright suit against Alec Peters, who solicited money on crowdfunding sites and hired professionals to make a YouTube short and a script of a planned feature film focused on a fictional event -- a Starfleet captain's victory in a war with the Klingon Empire -- referenced in the original 1960s Gene Roddenberry television series. Thanks to the settlement, CBS and Paramount won't be going to trial on Stardate 47634.44, known to most as Jan. 31, 2017. According to a joint statement, "Paramount Pictures Corporation, CBS Studios Inc., Axanar Productions, Inc. and Alec Peters are pleased to announce that the litigation regarding Axanar's film Prelude to Axanar and its proposed film Axanar has been resolved. Axanar and Mr. Peters acknowledge that both films were not approved by Paramount or CBS, and that both works crossed boundaries acceptable to CBS and Paramount relating to copyright law." Peters' Axanar video and script, which feature such arguably copyrighted elements as Vulcan ears, the Klingon language and an obscure character from a 1969 episode, sparked a lawsuit in December 2015. The litigation then proceeded at warp speed with the case almost making it to trial in just 13 months, an amazingly brisk pace by typical standards. When Axanar comes out, it will look different. "Axanar and Mr. Peters have agreed to make substantial changes to Axanar to resolve this litigation, and have also assured the copyright holders that any future Star Trek fan films produced by Axanar or Mr. Peters will be in accordance with the 'Guidelines for Fan Films' distributed by CBS and Paramount in June 2016," states the parties' joint announcement of a settlement.