It was confirmed earlier in December that Warner Bros. decided it would be putting all their new release movies on HBO Max as well as in theaters. This includes Godzilla Vs. Kong.
Legendary Pictures, who put up roughly 75% of the production budget for the movie now wants $250 million from Warner Bros. if they go through with putting the movie on HBO Max. That price tag matches that which Netflix offered for the movie and Warner Bros. turned it down. No doubt because they already had this deal being worked out with HBO.
“Godzilla Vs Kong might stay an HBO Max hybrid in its May 21 slot, but only if Warner Bros makes a deal with Legendary that uses as a base the $250 million value established when the film was shopped earlier to Netflix.”
This puts Warner Bros. in an interesting situation on whether to hand over the money or not. It was most likely understood that putting their movies on HBO Max at the same time as releasing them in theaters would result in massive losses in box-office earnings.
That lose would be on top of paying Legendary the money they’re demanding. Not to mention, this is the fourth movie in the “MonsterVerse” franchise behind Godzilla (2014), Kong: Skull Island (2017) and Godzilla: King of the Monsters (2019). The latter only grossing $386 million worldwide with a budget between $170-$200 million.
However, a Godzilla Vs. Kong main event is exciting to say the least, with both on their own are the two most popular giant monster Kaijus. Also it will be the first meeting between the two in almost six decades. Also, a movie of this magnitude is meant to be seen in a movie theater. This makes for the chance that people will go out and see it in theaters all the same, to get that larger than life feeling.
Godzilla Vs. Kong arrives in theaters and on HBO Max May 21, 2021.