This is the news we've all been waiting for, but maybe not what we expected or in the form we wanted. New World Cinemas has announced that they will release the film in 2017 on DVD. They have not mentioned a Blu-ray release, or a theater distribution plan as of this writing.
Many of the blogs jumping on this story are treating the announcement as evidence that there will not be a theatrical distribution at all. I think it's a little early to claim that, as we've seen in the past, Fathom Events and a few other foreign distribution models have worked well in doing limited releases of big movies coming from abroad.
With Toho Picture's tight lipped promotion of this film, I believe this is an announcement that we'll hear in the coming months. We have to keep in mind that they created an international title for this film and know that there is an audience for it outside of Japan.
We'll keep an eye out for further developments. The "in progress" 'Godzilla: Resurgence' page on the New World Cinemas website can be found here.
Would you travel to a theater presenting the film in a one-time-only event style? Let us know in the comments.