Which film will this project be a prequel to? The 1932 original, the 1938 Japanese version, the 1976 remake, or the recent Peter Jackson re-imagining? You, as a fan of the Kong mythos, can take your pick of which film you want the origin tale to set up.
Yes, there was a 1933 Japanese version of King Kong as well as a 1938 follow-up entitled King Kong Appears in Edo. All prints of these films are considered lost.
As for the present day, some might consider a new King Kong film to be a risky endeavor. Peter Jackson’s remake was not the super-hit many expected. The film earned $505 million worldwide, a disappointing number. Perhaps the three-hour running time contributed to a loss in earnings.
The new project will be produced by Legendary, the company that has released Interstellar and Godzilla, two other huge hits. Wait a minute. If Legendary has the rights to King Kong and Godzilla, does this mean a remake of King Kong vs. Godzilla (1962) is possible? You never know.
We do know the film is being bumped to 2017 so Legendary and concentrate on the release of Doctor Strange in 2016. A March release for the Kong film is odd since its budget is bound to be high. Would not King Kong be better summer move fare? Legendary is apparently confident Fall/Spring is fine.