hopefully not

It's been established the movie has nothing to do with the 1998 version. And yes I believe Toho is involved with the 2014 movie.

So does that mean that toho is going solo on this movie?

This project is almost entirely a Legendary/Warner Bros venture. Yes, Toho is involved and approved the final design of Godzilla, but other than that it's out of their hands.

This film is not a sequel or a prequel to any of the Toho films, nor the Tristar Godzilla movie.

No

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