Production has officially commenced on Godzilla vs Kong along with a brief plot synopsis on the movie. JTIsReborn talks about the plot synopsis and what it could potentially mean for the Monsterverse.
Official Synopsis: "In a time when monsters walk the Earth, humanity’s fight for its future sets Godzilla and Kong on a collision course that will see the two most powerful forces of nature on the planet collide in a spectacular battle for the ages. As Monarch embarks on a perilous mission into uncharted terrain and unearths clues to the Titans’ origins, a human conspiracy threatens to wipe the creatures, both good and bad, from the face of the earth forever."
Link to Article:
https://www.businesswire.com/news/home/20181112005664/en/Warner-Bros.-Pictures%E2%80%99-Legendary-Entertainment%E2%80%99s-Monsterverse-Shifts