To the dismay of Asian people everywhere!
This just in! From the official press release:
"LEGENDARY PICTURES TO DEVELOP AND PRODUCE MAJOR MOTION PICTURE BASED ON TOHO COMPANY’S ICONIC MONSTER, GODZILLA
Burbank, CA – March 29, 2010 – Legendary Pictures announced today that they will develop and produce a new film based on Toho Company’s famed GODZILLA character. Through the terms of the agreement, Legendary Pictures has acquired the rights to produce a movie inspired by Toho’s Godzilla, a franchise the Japanese company created and has nurtured for over fifty years.
Toho’s GODZILLA franchise boasts one of the most widely recognized film creatures worldwide, resulting in a series of books, television programs, video games and more than 25 films worldwide. Legendary intends to approach the film and its characters in the most authentic manner possible. The company will, in the near future, announce a filmmaker to helm the film for an intended 2012 release. The film will fall under the company’s co-production and co-financing deal with Warner Bros. Toho will distribute the film in Japan."
As long as they keep Matthew Broderick away from this one I will be happy to see it. The last Godzilla that was in theaters made me fall asleep. Not nearly enough action.
Hey Legendary, let's see something EPIC this time!!!

Stay tuned to ComicBookMovie.com for further updates!