I think it's sounding like Riddler will be the main threat, which makes sense with Reeves wanting to dive into the detective side of Batman more
One report specifically cited Penguin as the “primary antagonist” to Catwoman’s “secondary anatagonist,” though that was before Riddler got announced.
Then there’s the Unicomb report saying that most of the villains are suspects in a mystery, which might mean a perp with a more humble reputation beneath Riddler, Penguin, Catwoman, etc. Or it could be a conspiracy, or maybe a gun-for-here situation, or even just a “random encounter” situation.
Here’s some more fleshed out speculative possibilities, just dealing with the three supported bad guys:
- Penguin as the overarching main villain and Batman’s target, acting as the employer and boss for Riddler (as a consulting criminal planning things out for Penguin) and hiring Catwoman for a specific job (hired gun specialist). Batman suspects that it’s Penguin who committed whatever crime he needs to solve, but needs to get solid evidence that’s not just Riddler’s usual schtick or trying to arrest Catwoman, who’s as much ally as enemy to him.
- Penguin
thinks he’s the main villain, but is in fact being played by Riddler, who’s distracted by a vendetta against Catwoman for stealing from him... at Riddler’s instigation, to try and keep Batman busy. But at some point, Penguin realizes he’s been played, and it becomes a three-way/four-way fight.
- Penguin and Riddler start the film at war with each other, instigated by some crime committed by Catwoman, who is in fact attempting to play those two rogues
and Batman against each other so she can “steal” the position of the big bad boss of Gotham with the Calabrese family, since she wants to control crime.
- All three are simply suspects encountered and interrogated by Batman for a murder. Catwoman is the fully ambiguous femme fatale and ex that Batman doesn’t know if he can trust, Penguin is the guy he pressures to flush out the perp or else he’ll take down the Iceberg Lounge no matter how long it takes, and Riddler? Riddler knows who the killer is, but as an arrogant knowledge broker, only gives Batman clues while taunting him. Other guys like Bane could be integrated as other suspects (though with Bane it would be more the tense stalemate situation like in No Man’s Land.)
Something creative has to happen with this many villains.
Also, if anyone wants to hear some fun speculation about the kind of things my buddy and I think would be cool to see in the new movie (type of Bruce portrayed by Pattinson, personality and relationship-to-Batman Catwoman, Penguin’s disfigurements, how we’d want to see the Riddler, etc.), we did a podcast :
FranchiseWars: Matt Reeves’s The Batman on Apple Podcasts