"Godzilla vs. Megalon" Release Story Turned Out To Be False?

It appears that the report by August Ragone about Media Blasters' impending release of 1973's Godzilla vs. Megalon was false. Or is it?

Keith Aiken of Sci-Fi Japan posted an article that refutes the Ragone report. He even quotes Media Blasters' Carl Morano as stating "this is all news to us."

According to Aiken's article, Megalon is not available due to muddled rights issues that date back to the Cinema Shares International (they were the original licensee) days. Toho won't make available any movie until all rights issues to it are cleared. Media Blasters is interested in acquiring the movie, according to Aiken's article, but Toho needs to sort out the rights "paperwork" so that they are satisfied that nobody can come out of the woodwork claiming that they have the rights.

Ragone generally doesn't post articles unless he is satisfied on its accuracy. He has since revised his article to indicate that this is not yet a done deal (and some items removed).

To read Aiken's article, go here.

To read Ragone's revised article, go here.

I am sure we haven't heard the last of this.

The End?