From Deadline:
In a movie move that portends a clash of giant monsters, Legendary Pictures’ Thomas Tull is moving his untitled Skull Island King Kong film to Warner Bros. This is being done to unite the property with Legendary’s other giant franchise, Godzilla. In what would be a pretty epic pairing, the Godzilla sequel that is in the works will be followed by a movie that pits the giant ape versus the giant fire breathing reptile.
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There's some problems with this, like getting them close to the same playing field (Godizlla is massive, Kong isn't skyscraper size), but the fanboy in me is very giddy right now.
This would be like boot vs. ant... pointless
Just leave these as their own standalone franchises. Not everything has to be like Marvel. Like come on, they haven't even made a new King Kong movie yet. At least wait for the first one to be a massive hit.