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No, Kong: Skull Island is a reboot and is not connected to any previous version of the character. This film is set in the same universe as Legendary Pictures' Godzilla and in the year 1971. This film is meant to introduce Kong in anticipation of an onscreen crossover featuring him and Godzilla in 2020.
Kong: Skull Island is confirmed to be taking place in the same universe as Legendary Pictures' Godzilla, but it is set in the years 1944 and 1973, placing it before and after the U.S. military used an atomic bomb in an attempt to kill Godzilla in 1954 but before the main events of the film in 1999 and 2014. The scientific organization Monarch from Godzilla will be featured in this film to further tie it Godzilla. The film will likely include references to Godzilla and feature allusions to the upcoming film Godzilla: King of Monsters in order to build up to Godzilla vs. Kong in 2020.
Yes, one during the credits and one at the very end.
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