Legendary Pictures and Warner Bros. To Go Separate Ways?

Variety is reporting that Legendary Pictures and Warner Bros. my go their separate ways unless a new deal is agreed upon.

They report:

Legendary Entertainment is poised to leave the Warner Bros. fold by the end of the year and set up shop at a rival studio, unless the parties can mend their frayed relationship and come to terms on a new deal, which sources describe as “unlikely” at this juncture. 
If the companies fail to extend their current co-production and distribution pact when they formally sit down to negotiate in the next month or so, it would spell the end to one of Hollywood’s most successful partnerships. The companies have been in business together for the past eight years.
The companies are currently producing Godzilla, set for release in July 2014.

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