Reeves has stated that he was not interested in the script but was forced into doing the film when his assistant Brian forged his signature on a contract. He performed the role rather than get involved in a lengthy legal battle. He was contractually prevented from disclosing this until 12 months after the film's US release.
Keanu Reeves was contracted by the studio not to say anything negative until a year after the film's release. He waited the full year to publicly bash the movie and revealed how someone forged his signature on the contract to star in the film.
The Watcher was directed by Joe Charbanic, a buddy of Keanu who has also filmed the actor on tour with his rock band Dogstar.
Third-billed Keanu Reeves gave his verbal agreement to director Joe Charbanic several years before production started, after reading his original script. With his involvement, the filmmakers were able to attract a bigger cast and budget than originally envisioned, and Reeves' part (originally little more than a cameo) was substantially re-written to feature him more prominently. Reportedly, Keanu Reeves, who would be paid scale while his co-stars James Spader and Marisa Tomei would get one million dollar paychecks, tried to drop out of the film, but eventually changed his mind (apparently influenced by the legal precedent of the Kim Basinger/Boxing Helena (1993) debacle). He eventually agreed to do the picture, and abstain from badmouthing it in interviews, on the condition that his involvement in the film be downplayed in all promotional material for the film, including trailers. Universal also asked the film's financiers to enhance Reeves' profit participation, which led Reeves to ultimately receive (at least) additional $2 million.