Kong: Skull Island will be the prequel movie to re-introduce of the most famous movie monsters, King Kong, to both new and old fans. With the news that Legendary Pictures has moved the IP from Universal to Warner Bros. it seems that Legendary is that much closer to getting their Legendary Monsters Universe (awesome name by the way).
It does seem like such a small detail on the surface, but when you look at what producing the film through WB rather than Universal means, you get an inside look as to what Legendary is aiming to do.
Back in May of last year, movie goers were treated with the re-introduction of another equally famous monster, Godzilla. The 2014 Gareth Edwards directed Godzilla was produced by Warner Bros., which means that the only way Legendary will ever get to have their two monsters clash head to head they’ll have to produce Skull Island through WB due to them owning the sequel rights to Godzilla.
Godzilla 1 -> Kong: Skull Island -> Godzilla 2 -> King Kong (maybe) -> Godzilla 3: King Kong vs Godzilla
That is, of course, just an assumed timeline of the movies. I don’t work for Legendary or WB , so I wouldn’t know. However, what I do know is that the only way we will ever get to see the aforementioned series of movies, they will all have to be produced by the same company in order to avoid legal issues between IP ownership.
Neither of the companies involved have commented on the switch, so we have no clear quote to go by.
Kong: Skull Island will star Tom Hiddleston, Samuel L. Jackson, Brie Larson, Toby Kebbell, John C. Reilly, and the recently added Straight Outta Compton stars Corey Hawkins and Jason Mitchell. The film will be directed by Jordan Vogt-Roberts, however that might also change with the production studio change, and has a release window of sometime in 2017 (most likely summer).