Legendary Pictures’ next Monsterverse blockbuster, Godzilla vs. Kong could possibly be the next big budget release to fall victim to the coronavirus, according to a Hollywood Reporter story.
The movie was due to be released in cinemas on May 21st 2021. However, amid the uncertainty surrounding the number of cinemas able to re-open, coupled with the extra-crowded schedule as a result of pushed-back release dates, rumours are growing that Godzilla vs. Kong could be heading for a streaming service.
Sources told The Hollywood Reporter that Netflix had made an offer to Legendary of $200 million, which would no doubt be an interesting offer for Legendary, who funded 75% of the budget.
The Netflix offer would have served Legendary’s purposes well, as Netflix don’t operate in China. That would have left the Chinese market open. The Chinese theatrical market has accounted for around a third of the global theatrical return on the Monsterverse franchise so far.
The plot thickens, however, as Warner Media, who footed only 25% of the budget but have more control over the release, blocked the Netflix deal – while preparing an offer of its own to take the movie to its HBO Max streaming service.
WarnerMedia CEO Jason Kilar and Warner Bros. chairman Ann Sarnoff are working out an offer for an HBO Max release which may include a simultaneous theatrical release, like the arrangement for Wonder Woman 1984 which opens in theatres and on HBO Max on December 25th.
Meanwhile, while Netflix and HBO Max fight over the monsters, Legendary are left sitting on a big budget movie.
So far, Legendary have declined to comment on the story, but a Warner Bros. spokesperson has stated, “We plan to release Godzilla Vs. Kong theatrically next year as scheduled.”
Godzilla vs. Kong is the fourth in the new Monsterverse franchise from Legendary. It was directed by Adam Wingard and stars Alexander Skarsgard and Millie Bobby Brown, as well as the eponymous Godzilla and King Kong.
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