Netflix made a bid of more than $200 million but WarnerMedia is prepping an offer to send the Legendary sequel to HBO Max.

Godzilla vs. Kong, the forthcoming monster movie from Legendary Pictures, looks likely to be the latest big franchise movie to head to a streamer.

Knowledgeable sources tell The Hollywood Reporter that Netflix has made an offer of more than $200 million for the film while WarnerMedia has blocked the deal while preparing an offer of its own for its streamer, HBO Max. Legendary declined to comment while a Warner Bros. spokesperson said: “We plan to release Godzilla vs. Kong theatrically next year as scheduled.”