It won't be a re-hash of the 1998 version featuring Matthew Broderick floundering around in New York City.
Rather the new film will be a remake of Ishirô Honda 1954 classic.
We already knew that David S. Goyer, one of the writers from "The Dark Knight" trilogy was on board to write the script.
However, another big name has just joined the line up.
Frank Darabont – the man responsible for season one of AMC's "The Walking Dead" – will be doing a final rewrite of the script.
Darabont's also the director of both "The Shawshank Redemption" and "The Green Mile."
The film's supposed to begin production in March; however, Legendary Pictures may have bigger problems on its hands.
Warner Brothers producers Dan Lin and Roy Lee are no longer working on the film.
HotFix reports the exits were probably due to busy schedules; however, according to The Hollywood Reporter, Legendary, Lee, and Lin are fighting over creative and financial differences on the film.
THR reports that Legendary wanted the pair to reduce their fees for the film. After the two refused, Legendary reportedly exercised a pay-or-play cause which resulted in both Lee and Lin getting paid upfront without any credit on the end result.
Lee and Lin were among those who originally went to Legendary with the rights deal to use Godzilla, so it's unlikely that the two will just disappear.