The two firms have already worked together to release films in the U.S., with GKids handling last year’s Oscar-winning Studio Ghibli feature "The Boy and the Heron." Financial terms were not disclosed.

Japanese media giant Toho is acquiring Gkids, the North American distributor of animated films like the Oscar-winning "The Boy and the Heron."

Godzilla Minus One and The Boy and the Heron's parallel Oscar triumphs apparently made the two want to go steady.