Legendary Pictures has parted company with Warner Brothers and is not teaming up with Universal Pictures.
I think you mean "is now teaming up."
Universal owns the rights to King Kong and many fans, like myself, would like to see Godzilla vs King Kong as the sequal to the 2014 film.
I dunno, I never cared for the idea of taking King Kong, who's only supposed to be 30-40 feet tall, and blowing him up to Godzilla size. It feels like cheating.
I'm more interested by the fact that Legendary is behind both Pacific Rim
. How about seeing the Jaegers take on the king of all kaiju?