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Toho Will Co-Finance Future Hollywood Films of Their Property

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In a move that sees Toho expanding their power overseas, the studio behind Godzilla will co-finance content of their property with Hollywood and China. Starting in 2019, Toho will implement a three year plan to bankroll $135 million into foreign studios producing their properties. These assets include a live action remake of Your name., Pokemon and, of course, Godzilla.

Nikkei reports that Toho plans to fund a quarter of each project to reap more from the box office and have more creative control:

Toho has had limited involvement in overseas movie production before, notably in Hollywood versions of its well-known monster movie. As a co-producer, it will invest up to 25% of production costs in each project, entitling it to a bigger share of revenue for successful content than just collecting royalties.

Toho will also manage the rights of creators and ensure that their ideas are reflected in the works. The studio also plans to act as broker between other Japanese studios and overseas counterparts in the future.

Seeing as Toho's plan does not go into effect until 2019, it seems unlikely that this plan includes the upcoming Godzilla: King of the Monsters (2019) and Godzilla vs. Kong (2020).

So what does this mean for the Godzilla franchise after 2020? Will the MonsterVerse continue to thrive with Toho co-funding Legendary's productions and having greater creative control over their projects? Will they continue to produce Godzilla movies on their own, ala, Shin Godzilla (2016)? It's too early to say officially, so may the speculation begin.

Toho Animation and Polygon's Godzilla: Planet of the Monsters will arrive on Netflix January 17th, 2018. The sequel, Godzilla: Decisive Battle, Mobile Breeder City will hit Japanese theaters May, 2018.

Legendary Pictures and Warner Brothers' Godzilla: King of the Monsters will be released March 22nd, 2019 and its sequel, Godzilla vs. Kong will open in May 22nd, 2020.
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Source:
Nikkei Asian Review

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Written by G. H. (Gman)Published on 2018-01-13 00:50:00
18 Comments

KingKaijuGojira

MemberTitanosaurusJan-13-2018 6:40 AM

Interesting. Perhaps this could clear up licensing issues for movies in the future as well? 

TheGMan123

MemberTitanosaurusJan-13-2018 7:07 AM

Oh man, I sure hope it means Godzilla gets to stick around for the Monsterverse.

Don't get me wrong, I like that Toho is going with experimentation with the character/brand back home, but I'd prefer if we have a stable monster franchise in the global public eye. Transformers and comic book movies have theirs, and the Monsterverse is the only chance for monsters to have theirs.

Danzilla93

MemberBaragonJan-13-2018 7:13 AM

This is an interesting move by Toho.  If my assumption is correct, it may serve as an excellent alternative to licensing their properties proper, which is a double edged sword.  Here's what I mean: last year, "Shin Godzilla" director Shinji Higuchi said that no sequel to the Japanese-produced film, nor any other live action film, could be made by Toho until after 2020, when their deal with Legendary expires.  (This is why the next two Monsterverse movies are coming out so close together.) 

Now, if I'm understanding this right, this new co-producing deal would enable Toho to both produce more Hollywood adaptations of their work AND create their own live action films at the same time.  This is good news for fans; after 2020, it may not have to be a case of "one or the other".  Legendary can continue using Godzilla and other Toho monsters in further installments of the Monsterverse, and Toho themselves could pursue a sequel to "Shin Godzilla" or other live action films.

It'll be interesting to see how this all plays out!

The Jurassic Bootleg

MemberBaragonJan-13-2018 7:17 AM

Wait what? I thought they've been doing this since 2014? You know what? It doesn't matter, hopefully this means MonsterVerse will continue to thrive.

G. H. (Gman)

AdminGodzillaJan-13-2018 8:49 AM

The Bootleg Rebellious,
No. Toho merely "leases" the rights to Legendary for them to make their own Godzilla movie. They've never co-funded a production. In the past Legendary has bought the rights from Toho and Toho has given them a playbook of the "do and do nots" with the Godzilla character. Now, if the MonsterVerse continues with Godzilla (and this is not confirmation that it will) Toho will fund 25% of each movie that has their property in it. Meaning they will get more money in box office returns and have even more specific creative control of each film.

Personally I'm not sure if I like this. The MonsterVerse has been a fun distraction from the prime series, but I'd rather Toho focus more on their own films. This does not guarantee they will.

The Jurassic Bootleg

MemberBaragonJan-13-2018 9:35 AM

 Ah ok, well I'm sure Toho can still do their own stuff, think of it like Sony developing Spider-Man spin-offs that have nothing to do with MCU Spider-Man and definitely nobody asks for.

TheGMan123

MemberTitanosaurusJan-13-2018 12:02 PM

You know, upon reexamining this, I can't help but be reminded of Disney acquisition of 20th Century Fox.

I know it's in no way similar, but it just reminds me of that. More specifically, the memes that arose, like how Mickey Mouse is basically Thanos with the completed Infinity Gauntlet.

Maybe someday, the House of the Mouse will buy out the kingdom of the King of the Monsters :P

The Jurassic Bootleg

MemberBaragonJan-13-2018 1:33 PM

Would pay to see it.

RR44

MemberBaragonJan-15-2018 6:27 AM

The Bootleg Rebellious - I had that issue.. thanks for the memories.

Disney's version of Avengers vs Legendary's Godzilla.. hmmm....

nah.. I can't see it.. but I would pay to see it though.

MinecraftDinoKaiju

MemberTitanosaurusJan-15-2018 10:25 AM

Don't want to sound rude or anything like that, but can we please get back to the main topic.

MinecraftDinoKaiju

MemberTitanosaurusJan-15-2018 10:25 AM

Don't want to sound rude or anything like that, but can we please get back to the main topic?

MinecraftDinoKaiju

MemberTitanosaurusJan-15-2018 10:26 AM

Sorry I posted the same comment twice, it wouldn't let me edit the first one, but I don't know why.

The Jurassic Bootleg

MemberBaragonJan-15-2018 10:47 AM

Yea, we should make a separate topic about what if Disney bought Goji.

MinecraftDinoKaiju

MemberTitanosaurusJan-15-2018 11:58 AM

Agreed.

MinecraftDinoKaiju

MemberTitanosaurusFeb-07-2018 9:51 AM

Hello? Is anyone there?

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