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From darkhorizons, [excerpt] The New York Times reports that the animated side story "Tales of the Black Freighter" will not be released concurrently with the "Watchmen" DVD, but rather as its own DVD release just five days after the movie hits theaters on March 6th 2009.

The disc also includes a documentary-style film called "Under the Hood" that will delve into the characters' backstories. Also the studio plans a dozen 22-26 minute Webisodes in the build-up to "Watchmen". Snyder says in the article that "Watchmen", which he's currently editing, is nearing three hours in length and intends to fight to keep as much as possible in the film.

"Watchmen" will hit disc sometime in the early Fall, and an 'Ultimate Edition' with both "Watchmen" and 'Tales' edited into one large movie will hit probably in early 2010.