WarnerMedia rejects Netflix offer for ‘Godzilla vs Kong’ – Report

Legendary’s upcoming monster movie is the latest big-budget title that could premiere on a streaming service.


Courtesy of Warner Bros. Picture

Legendary’s next monster movie, “Godzilla vs. Kong,” is the latest high profile Hollywood movie that will likely make its way to a streaming service.

The Hollywood Reporter reports that Netflix had made an offer of more than $ 200 million for the film, although WarnerMedia blocked the deal while preparing to make an offer to bring the title to the company’s HBO Max streaming service. . WarnerMedia CEO Jason Kilar and Warner Bros. President Ann Sarnoff are directly involved in plans to bring “Godzilla vs. Kong” to HBO Max while also bringing the film to theaters.

IndieWire has reached out to WarnerMedia, Netflix and Legendary Pictures, which funded 75% of the film’s budget, for comment. Warner Bros. owns a 25% stake in the film and controls its release.

Whether the film ends on Netflix, HBO Max, or elsewhere, reported negotiations indicate that streamers see high profile movie acquisitions as of key importance during the coronavirus pandemic. WarnerMedia recently announced plans to bring its “Wonder Woman 1984” tent pole to HBO Max on December 25, the same day the film premieres in theaters, while Disney premiered its film live. “Mulan” on Disney + earlier this year.

Film companies have been reluctant to bring their titles to theaters during the pandemic due to widespread theater closures across the country. WarnerMedia has released Christopher Nolan’s highly anticipated “Tenet” in theaters during the pandemic. The film was not a global box office bomb and failed to attract large audiences in North America. The company delayed its other big-budget films including “Dune,” “The Batman,” and the aforementioned “Wonder Woman 1984” following the poor financial success of “Tenet”. The release dates for most of Hollywood’s other big-budget movies have been pushed back several times and it’s unclear when US theaters will be able to operate at full capacity.

As for “Godzilla vs. Kong,” the upcoming movie is the fourth of Legendary’s MonsterVerse, which debuted with “Godzilla” in 2014. Other films in the franchise include “Kong: Skull Island” and “Godzilla: King of the Monsters” , Released in 2017 and 2019 respectively. The film is directed by Adam Wingard and stars Alexander Skarsgard, Millie Bobby Brown, Rebecca Hall and Kyle Chandler.

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