Following the success of the stateside Godzilla reboot, which hit theaters this summer, Toho Japan is planning to bring back their iconic franchise with a brand new movie in 2016. This will be the first Toho produced Godzilla movie since 2004's Final Wars. It will mark the 29th Godzilla movie for the studio.
The Gareth Edwards directed Godzilla took in $500 million worldwide, and opened #1 in Japan. About the monster returning to its country of origin, a Toho staff member stated:
"This is very good timing after the success of the American version this year: if not now, then when? The licensing contract we have with Legendary places no restrictions on us making domestic versions."
There is no director, cast or budget set yet for the new Godzilla (Toho). Production is set to begin this summer, and the film will be released worldwide. Toho won't be able to match the $200 million budget of the Hollywood blockbuster, but advances in CGI will allow the studio to produce a movie that can stand alongside bigger productions.
Recognized as the longest running franchise in cinematic history by Guinness World Records 2015, Toho has announced the Godzilla Strategic Conference (Godzi-Con), which consists of executives and directors who will look for ways to leverage the Godzilla brand through merchandising and other activities. It is rumored that Toho is planning to create a whole new series for its iconic monster, though the studio wouldn't comment on anything beyond the 2016 movie. Gareth Edwards is set to direct Godzilla 2 for 2018.