According to a multifaceted article in The Hollywood Reporter about Legendary Pictures moving Kong: Skull Island from Universal to Warner Bros., the expected Pacific Rim sequel from Guillermo del Toro is kaput. Despite a strong performance in China and a cult following here in the states, the film, "which had been ramping up to make a release date in August 2017 — has been halted indefinitely and will be pushed back (if it gets made at all)."
Which sure sounds like the final word, doesn't it?
But, it's still a good day for monsters as Legendary moves forward on both a Godzilla sequel, Skull Island and the title bout film, King Kong vs. Godzilla. Apparently, Godzilla's shadowy government agency Monarch was intended to get a name-check in the Universal incarnation of Kong, but Warner Bros. was not exactly thrilled at the prospect of the emerging monster world being shared between two studios. The move to Warner means Monarch will bridge the films.
The issue of scale between the two monsters is something that is already being worked out. "A source close to Tull says Legendary is confident it can come up with a rationale to explain how Kong and Godzilla can do battle," writes THR. "And possibly become allies."
If the end game is a $500 million dollar remake of Destroy All Monsters, count me in. You could even through in some Jaegers and make it a sneaky Pacific Rim prequel.
Oh, THR also cleared up the assumed ownership of King Kong. "Some industry insiders assumed King Kong was a Universal property, probably because of Peter Jackson's 2005 film and the theme park attraction, but the material is in the public domain," they write. So … if you have a hankering to do a Kong fan film, run out and do it now.