Love it or hate it—I happen to love it—2014's Godzilla was a stylish monster movie that easily helped director Gareth Edwards land the job directing Rogue One: A Star Wars Story. He had promised, at the time, that he would return to direct the sequel to Godzilla, but now it looks as though he's leaving the production.
According to Deadline (link below), Edwards' departure was on good terms, so don't look for any bad blood between him and Warner Brothers...
Edwards has his own gestating projects he wanted to pursue, and they are smaller in scale than the back-to-back tentpole-size pictures he is directing with the Godzilla launch and then the Star Wars spinoff. Max Borenstein wrote the current version ofGodzilla 2, which was dated this week for release March 22, 2019.
Edwards and Legendary had agreed to him stepping out before the picture’s date was set.
Legendary and Warner Bros are looking for a director to replace Edwards as they also work on Godzilla Vs Kong, which has been set for release on May 20, 2020. The latter film was made possible when Kong: Skull Island was brought back from Universal to Warner Bros, where Legendary made Godzilla. Legendary acquired rights to additional classic characters from Toho’s Godzilla universe including Rodan, Mothra and King Ghidorah.
All this paves the way for developing a franchise centered on Monarch and anchored by Godzilla, King Kong and other famous creatures.
So yeah, if you're a fan of Godzilla, you're likely ecstatic with where things are headed, but if you're a fan of 2014's Godzilla, you're likely upset that it won't be with Edwards at the helm. I'm taking a wait and see approach with any more sequels like this. Still seems like a dicey proposition to rush all of these characters into one movie, but what do I know?