User blog comment:Ryanhussain14/I think the new Kong's size has been confirmed./@comment-25285745-20160629172259/@comment-25285745-20160629173944

Movie characters shouldn't necessarily be confined to a single period of time. That's like saying Godzilla movies should only be set in the 1950's because that's when the original film came out and nuclear paranoia was arguably at its peak. There's already been several Kong films set in the 1930's, 60's and 70's, we haven't seen Kong appear in the modern post-new millennium day yet. It would be interesting to see Kong finally appear in the modern day, and since Legendary's Godzilla films are set in the present, Kong will have to appear in the present as well.

Skull Island is a chance to establish the character in the past and allow him to return in the future. It's kind of like how Captain America: The First Avenger established the character of Captain America for the MCU, but remained set during WWII, while later films with him were set in the present day.