Mezco has shown this figure at multiple shows (Toy Fair among others) now we have an official announcement. The Ultimate King Kong Of Skull Island stands 18 inches tall, comes with three different heads and a extra set of hands, features multiple points of articulation, and will retail for $250 with free shipping in the US. Pre-orders start now, with release scheduled for Nov 2019 - Jan 2020.
Updated with more pics and pre-order link.

From Mezco Toyz Blog
THROWBACK THURSDAY: WHEN KONG WAS KING
​In 2005 Peter Jackson released KING KONG, his remake of the 1933 blockbuster. Hailed as a modern classic it went on to gross over half a billion dollars. Fans clamored for merchandise and Mezco Toyz answered the call with what many consider the finest King Kong figure ever produced.

Standing an imposing 15 inches tall, Mezco’s King Kong featured 9 points of articulation. His cleverly articulated hips allowed him to stand upright (perfect for swatting those pesky biplanes) or lean forward to go into a traditional “knuckle walk” pose. 
Peter Jackson made Kong incredibly expressive and Mezco created three head styles to capture Kong’s many looks:
· An open mouth roaring head
· A closed mouth angry head
· A sad / contemplative head

Mezco stayed true to the film’s design and included numerous scars from injuries old and new. Packaged in a huge widow box with eye-catching King Kong graphics it caught the attention of fans worldwide and despite (in 2017) being out of production for a decade, it continues to remain popular with collectors.

Mezco’s King Kong has been honored by the internationally renowned Museum Of The Moving Image, where the prototype King Kong from the Mezco archives is on permanent display as part of the museum’s “Behind The Screen” collection. From inside his custom Lexan case, Kong stares down at the museum’s daily parade of visitors, and those who dare to meet his gaze hold no doubt that he is truly King.

KING KONG OF SKULL ISLAND PX 7" ACTION FIGURE B&W VERSION
From Mezco Toys. The perfect addition to any fine monster collection! King Kong, the monstrous anthropoid that ruled Skull Island and terrorized New York in 1932. This special Black and white variant of King Kong is designed with over 25 points of articulation, and includes interchangeable hands and head portraits. Comes packaged in a collector-friendly window box, perfect for display! This version includes exclusive snarling head, skull, and bone.
In Shops: Dec 19, 2018
Final Orders Due: Aug 13, 2018
SRP: $40.00

These pics show off the Kong Of Skull Island figures by Mezco, while we know the smaller one has already been put up for pre-order we now have a timetable on the larger one which looks to hit next year, hopefully that means it will be also up for pre-order in the near future. Pics via Toyark. 

Mezco Toys has shown a couple of Kong figures a while back now the first has been officially announced, the King Kong Of Skull Island 7 Inch Figure. The figure stands 17.78cm tall (approx 7 inches), is highly detailed King Kong with 28 points of articulation. It comes with two interchangeable heads, five interchangeable hands including a holding hand for figurine accessory, one set of shackles with real chains and one scaled Ann Darrow figurine. The figure comes packaged in a collector-friendly window box, perfect for display. It will retail for $40 US and can be pre-ordered now from Mezco with release scheduled between Nov 2018 to Jan 2019. (Note this is not the same Kong as in Kong: Skull Island.)

Mezco is releasing to King Kong figures based on the BOOM Studios comic book series King Kong Of Skull Island. There is a 7 inch and 18 inch versions, the 7 features an open muth and the 18 inch features a closed mouth. No release date or price was revealed but they should be released this year. More in info as we get it.

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Chronicle Collectibles made an announcement of new licenses and figure reveals at SDCC, the license announcement includes Godzilla, and Kong: Skull Island. No word yet on what may be released for them but they did reveal two new statues for their Jurassic Park/World line, the 1:5 Scale Female T-Rex, and the 1:20 Scale Indominous Rex. The T-Rex is quite big approx 3 feet tall (waist high), Indominous was hinted at being part of a Indominous Vs. T-Rex setup (possibly two separate statues or two piece set). Both of those like quite amazing. More info as we get it including release dates, prices, etc. Update: a few extra pics added including the Indominus Vs. T-Rex set, and a separate T-Rex statue, additional pics via ToyArk.

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