With Warner Bros. Pictures and Legendary Pictures having pegged Frank Darabont (The Shawshank Redemption, The Mist, The Walking Dead) to do a final rewrite on the ‘Godzilla’ script, Variety are reporting that the studio has entered talks with Elizabeth Olsen and Bryan Cranston to star in the film. Variety’s sources do however stress that no deals will be done until the finished script materializes. Character descriptions, along with other plot details, are under wraps for now. Alongside Olsen and Cranston, Aaron Johnson is still said to be in talks/waiting for the final script.

Best known for her breakout role in ‘Martha Marcy May Marlene,’ Elizabeth Olsen has largely stuck to her indie roots with roles in ‘Kill Your Darlings’ and ‘Liberal Arts.’ She’s also starring in Spike Lee’s remake of ‘Oldboy,’ which is set to bow later this year. ‘Godzilla’ would mark her first tentpole feature.

With ‘Breaking Bad’ going into its final season, Bryan Cranston’s schedule should be opening up for more film roles. The actor was able to squeeze in ‘Total Recall’ and Ben Affleck’s ‘Argo’ while also filming a 16-episode season of the AMC show.

This new take on the classic ‘Godzilla’ franchise is set to kick off the Summer movie-going season on May 16th, 2014. Gareth Edwards will direct the creature feature centered on the giant city-destroying and monster-fighting lizard. Edwards directs from a screenplay originally drafted by David Callaham (‘The Expendables’ films), David S. Goyer (the ‘Dark Knight’ trilogy) and Max Borenstein (upcoming ‘The Seventh Son’). Drew Pearce (Iron Man 3) was reported to have done a polish, while Frank Darabont is doing the final rewrite on the script. A few weeks back it was rumoured that Aaron Johnson was being eyed to lead ‘Godzilla,’ and that two new monsters will also be wreaking havoc in the film – in addition to Godzilla. ‘Godzilla’ is set to start production in March.

A presentation of Warner Bros. Pictures and Legendary Pictures, the film will be distributed worldwide by Warner Bros. Pictures, a Warner Bros. Entertainment Company, except in Japan, where it will be distributed by Toho Co., Ltd. The tent pole film is expected to be presented in 3D.  Toho Co., Ltd.’s Godzilla franchise contains one of the most widely recognized movie monsters worldwide, including more than 25 films, multiple television programs, video games and book series. Legendary, which has been developing the project, and its partner Warner Bros. will return the character to its epic roots with a gritty, realistic actioner. The project will fall under Legendary’s overall agreement with Warner Bros.

Personally, I loved what Gareth Edwards did with ‘Monsters.’ For me it was one of the most charming, visually stunning and thumbs-up worthy films of 2010. Considering what he done on ‘Monsters’ with an extremely tight budget (low six-figures), I’d love to see what he can produce with some serious $$$$$’s. Expect more details relating to ‘Godzilla’ soon.