'Godzilla' Movie Release Date, Latest News: Monster Returning to Tokyo as 2 Top Japanese Filmmakers Unite to Produce 29th Godzilla Film

Two topnotch Japanese filmmakers are set to combine their talents to create the 29th film on the iconic monster Godzilla for Toho, marking the return of the legendary giant kaiju to Tokyo.

Hideaki Anno, whose portfolio as a director includes cult anime series "Neon Genesis Evangelion," and Shinji Higuchi, who directed "Attack on Titan," will team up to co-direct Japan's first Godzilla movie in 10 years, according to Hollywood Reporter.

Anno, who was one of Hayao Miyazaki's collaborators, will also serve as writer for the screenplay. Higuchi, who also worked on "The Floating Castle," will oversee the special effects.

"Ever since Hollywood announced that Godzilla was to be resurrected, the expectation for another Japanese Godzilla grew," Toho was quoted as saying in an official statement.

"We looked into Japanese creators who were the most knowledgeable and who had the most passion for Godzilla. Naturally, we quickly came to a consensus that Anno and Higuchi were the perfect fit for the Japanese Godzilla's return [after] 12 years," the company said.

On the two directors, who already previously collaborated on "God Warrior Appears in Tokyo," Toho said: "Their drive to take on such new challenges was exactly what we all had been inspired by."

Godzilla was first unleashed into the world in 1954 as a brainchild of Japanese film studio Toho Company. The company, however, has not launched a Godzilla movie since 2004, when the last Godzilla film titled "Godzilla: Final Wars" by Ryuhei Kitamura earned a measly $12 million.

Interest in the franchise revolving around the reptilian kaiju, however, was resuscitated into life after Gareth Edward's blockbuster 2014 revival film "Godzilla," which earned $525 million worldwide and JPY3.2 billion ($26 million) in Japan, with Toho and Warner Bros. Japan co-distributing.

Toho promised fans that the setting of the next Godzilla story will be in Japan, and that "moviegoers can look forward to witnessing the largest Godzilla in the franchise's history."

The company, however, admitted that they will not be able to match the $200-million budget of Hollywood's latest "Godzilla" film. Instead, the studio will rely on advances in CGI, coupled with its co-auteur's technical prowess. This will allow it to create a monster film that can stand alongside Hollywood-scale productions, Toho explained.

The Japanese Godzilla film is set for release in the summer of 2016. Edward's Godzilla sequel with Legendary and Warner Bros., meanwhile, is set for launch on June 8, 2018.