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The news comes from this source: http://spinoff.comicbookresources.com/2015/09/10/godzilla-vs-king-kong-reportedly-in-the-works-as-skull-island-moves-to-warner-bros/, and, frankly, it doesn't surprise me. People were mooting the possibility from the moment Legendary mentioned its Kong Movie, Kong: Skull Island.

The interesting part of the subject is this line, emphasis mine:

It’s said that things are happening “very quickly,” with the deal stretching all the way to Japan, and Godzilla rights-holder Toho.

This almost sounds like Toho might be doing their own film. Which begs the question: will we finally get (after a fashion) the legendary duo endings the original King Kong v. Godzilla allegedly had? Or will we have two flicks with Kong getting his butt handed to him?

What would be funny, assuming this idle speculation of mine came true (and I wouldn't be surprised if it didn't; I'm no doubt reading too much into this), if the US film had Godzilla win while the Japanese version has Kong winning? Just the reverse of the way it was supposed to have happened back in the day.

Whatever happens, fun times for a Godzilla fan. Only way it could be better is if the King finally got his match with Gamera...