From IGN.com: Legendary Pictures announced today that they will develop and produce a new film based on Toho Company’s famedcharacter. Through the terms of the agreement, Legendary Pictures has acquired the rights to produce a movie inspired by Toho’s , a franchise the Japanese company created and has nurtured for over fifty years.
Being a huge Godzilla fan, I should be wary of another American remake. However, I’ve got a good feeling about this one. Legendary Pictures has been producing some cool stuff lately, and obviously they’ve been saying some stuff the folks at Toho liked in order to convince them to hand off the rights to their flagship character once again. Godspeed, Hollywood.