A new Kong has been revealed on the Wal-mart website, it appears to be a completely new sculpt and goes with the "Roaring Godzilla" that was revealed recently. This is also the first smaller figures with sound, check out the info and pics below.

Godzilla vs Kong Deluxe Battle Roar Kong with Sound 
Legends collide as Godzilla and Kong, the two most powerful forces of nature, clash in a spectacular battle for the ages! The monster war rages on the surface and deep within our world as the spectacular secret realm of the titans known as the Hollow Earth is revealed!
Hear the mighty roar of Kong as he enters the ultimate battle royale against Godzilla!
Battle Roar Kong stands at 7" tall and has monster battle sounds!
Designed and sculpted based on the 2021 blockbuster movie, Godzilla vs. Kong!
Retail price: $14.97
Order link.