Well this is good news!
According to The Hollywood Reporter Adam Winged, director of the great You’re Next, the fantastic The Guest, and the pretty ok Blair Witch, has been tapped to helm Godzilla vs. King Kong. Schedule for a 2020 release, this will be the third entry in Legendary Pictures shiny new Giant Monsters-verse that started in 2014 with Godzilla and continued this year with Kong: Skull Island. In the mean time the third entry, Godzilla: King of the Monsters is slated for release in 2019.
Terry Rossio, best known for writing the entire Pirates of the Caribbean franchise (which, most recent entry excepted, is mostly good) is slated to write.
Studios have been making a habit of mining indie directors to helm big tent pole movies in the last few years. Sometimes this works out and sometimes it doesn’t, but given Wingard’s filmography to date I’m choosing optimism.
(source: The Hollywood Reporter)