On Godzilla Day, November 3rd, it was revealed that S.H. MonsterArts was releasing the 1971 Hedorah. The figure was announced in honor of Godzilla vs. Hedorah's 50th Anniversary. Details are still scarce, but The Articulation Series dropped images revealing the figure will include Hedorah's Aquatic Stage and Flying Stage.

A release date for the 1971 Hedorah is still pending.
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Source:
The Articulation Series Twitter
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