King Kong:The One Ring.net is reporting that Lord of the Rings trilogy director Peter Jackson spoke with New Zealand's Onfilm about his new version of King Kong.

As in LOTR, Peter and Fran will be joined by Philippa Boyens on the screenplay.

"We can do a complete rewrite. Now that Philippa has joined the team, it's a chance to start over," said Jackson.

When he and Fran finished the first script in 1996, he said, "The basic storyline will be very similar but the scenes, the sequences and the detail will be very different."

Now he finds he doesn't like "the flip, smart-arsed tone of our old script. We are better writers ow than we were in 1996. This new version will be based on the 1933 movie, but not on our 1996 script. This movie will be so much better than the 1996 film would have been. In hindsight, fate has been kind to us."

Jackson also commented that more of the film- about two thirds - will be set on Skull Island, as compared to previous versions.

King Kong was released December 14th, 2005 and stars Naomi Watts, Jack Black, Adrien Brody, Thomas Kretschmann, Colin Hanks, Andy Serkis, Evan Parke, Jamie Bell. The film is directed by Peter Jackson.