Japanese film studio Toho is making a new Godzilla film, following the success of Hollywood’s latest remake directed by Gareth Edwards.
Toho’s film will be released in 2016, a decade after its last take on the monster story, Godzilla: Final Wars.
This year’s American Godzilla took more than $500 million worldwide, and a sequel is already planned for 2018.
Toho said innovations in computer graphics technology were behind its decision to revive the franchise.
The franchise began with 1954’s widely-praised Japanese original, directed by Ishiro Honda.
However, more recent productions – such as the 1998 Hollywood version directed by Roland Emmerich – failed to impress fans or critics.
Gareth Edward’s film – a co-production for Legendary Pictures and Warner Brothers released in May this year – revived the franchise.
Toho, which owns the rights to Godzilla, has not yet picked a director for its upcoming reboot.
Producer Taichi Ueda is heading up the new project at Toho studios, which has launched the Godzilla Strategic Conference (Godzi-Con) – a committee aiming to reboot the Godzilla brand.
“The time has come for Japan to make a film that will not lose to Hollywood,” Taichi Ueda told reporters, according to Variety.
The company is not expected to spend the $200 million reportedly lavished on the recent Hollywood Godzilla, but Taichi Ueda said Toho hopes to make Godzilla a character that “will represent Japan and be loved around the world” by the time of the 2020 Tokyo Olympics.
Godzilla – a combination of the Japanese words for whale and gorilla – is a mutation caused by nuclear testing.
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