The film's release date has also been delayed by four months, from November 4, 2016 to March 10, 2017. As expected, Kong: Skull Island will be released in 3D and IMAX 3D.
Slashfilm had the announcement as well as this synopsis of the film:
In the spirit of its worldwide blockbuster Godzilla, Legendary Pictures presents a bold new take on the mythos of another iconic beast with KONG: SKULL ISLAND, which stars Tom Hiddleston (The Avengers and Thor series). Directed by Jordan Vogt-Roberts (The Kings of Summer) and written by John Gatins (Flight) and Max Borenstein (Godzilla), KONG: SKULL ISLAND will fully immerse audiences in the mysterious and dangerous home of the king of the apes as a team of explorers ventures deep inside the treacherous, primordial island. Legendary's story honors the foundations of existing King Kong lore, but places it in an entirely new, distinct timeline. Thomas Tull (Godzilla, The Dark Knight, Pacific Rim) and Jon Jashni (Godzilla, upcoming Warcraft) will produce and Alex Garcia (Godzilla) will executive produce. The film will be released in 3D and IMAX 3D by Universal Pictures.