Nicole Sperling
March 29, 2010 AT 05:23 PM EDT

The giant Japanese monster is getting the Hollywood treatment — again. This time Legendary Pictures will do an American Godzilla movie, based on Toho Company’s legendary monster. The studio, which is behind the upcoming Clash of the Titans, has made it clear it won’t be a sequel to the 1998 film that Sony and Roland Emmerich made. (That movie starring Matthew Broderick grossed close to $400 million worldwide.) Rather, it will be a re-imagining of the original Godzilla movies. Legendary has plans to announce a director for the film soon. The movie — which Legendary hopes to release in 2012 — will be a co-production and co-financing deal with Warner Bros, and Toho will distribute the film in Japan.

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