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The two companies have now closed a deal with Japanese owners Toho to bring back the beast into life, plus 3D and IMAX 3D if possible.
"Godzilla is one of the world's most powerful pop culture icons, and we at Legendary are thrilled to be able to create a modern epic based on this long-loved Toho franchise," Legendary chief Thomas Tull tells the Heat Vision Blog. "Our plans are to produce the Godzilla that we, as fans, would want to see. We intend to do justice to those essential elements that have allowed this character to remain as pop culturally relevant for as long as it has."
The planned film will be aiming for a 2012 release. Will size does matter again?