Keith of the Henshin! Online website posted the following over on the Monster Zero forums:

"Hey all,

I just got back from lunch with the folks from Toho LA and they were kind enough to answer many of the most common questions concerning US rights and upcoming DVDs. So, while it's fresh in my memory, here's the latest direct from Toho...

CLASSIC MEDIA: As Classic Media has said before, the latest batch of DVDs was delayed due to extended negotiations between CM and Toho. Things took a long time because Classic Media was keeping some titles, relinquishing rights to others, picking up some new ones, and getting new materials for everything.

Classic Media has retained video rights to all their Godzilla titles, RODAN, and WAR OF THE GARGANTUAS. They have also picked up GODZILLA RAIDS AGAIN, GHIDRAH, and the Hanna-Barbera GODZILLA cartoon show (Toho got the rights to that series when Warner Bros' rights expired). All the Toho films will be released with English and Japanese audio; for the older English versions CM will work from the best materials available. It will be CM's call as to whether their discs will have one print with two audio tracks, or separate prints of the US and Japanese versions.

Classic Media did not extend their rights to the other old UPA titles, including FRANKENSTEIN CONQUERS THE WORLD, ESPY, HIGH SEAS HIGHJACK, and the Toho Dracula films. Their rights will expire in late 2006 and Toho will begin trying to sell those titles in 2007.

GODZILLA VS MEGALON: Goodtimes has US rights to MEGALON, but they are in the middle of bankruptcy. The movie is in limbo until Goodtimes gets back on track, some other company buys their assets, or the rights revert to Toho.

GODZILLA 1985: After New World went out of business, the movie was picked up by Lakeshore Entertainment Group (an independent film company that made MOTHMAN PROPHECIES and MILLION DOLLAR BABY). Lakeshore sat on the property for some time, but they were recently acquired by (or have business dealings with) Warner Bros. Warners has approached Toho about materials for the film and is also looking for a print of the US cut.

I've been working with Warner Bros Home Video on the King Kong Festival in Hollywood so I'll see what I can find out from them.

BIOLLANTE: Still with Miramax.

CRITERION: Criterion has picked up PRINCESS FROM THE MOON. This is a 1987 Toho fantasy film with fx by Teruyoshi Nakano. The cast includes Toshiro Mifune, Yasuko Sawaguchi (GODZILLA 1985), and introduces Megumi Odaka (the Heisei Godzilla series). PRINCESS has never been released in the US so this is great news IMO.

LORELEI, THE WITCH OF THE PACIFIC: Toho has international rights and is hoping for a theatrical release in the US.

OTHER FILMS: With most of their Godzilla, Kurosawa, and samurai films licensed in the US, Toho is hoping to release more of their lesser-known titles. As you know, Media Blasters has put out several Toho scifi/fantasy titles, and the new company Discotek Media has picked up WAR IN SPACE, SAYONARA JUPITER, and the live action LUPIN III. Toho plans to continue working with both companies (and others) to release additonal classic and new movies, including the “Secret Police” series (one of which became WHAT’S UP TIGER LILY) and some of the old UPA films.

I think that's everything. If anything else comes to mind I'll be sure to post it.
_________________
Keith "