Just to remind people what a real flop looks like, I would like to make some comparisons:
Town and Country starring Warren Beatty (you know a big name) cost $105 million to make which is about half of Kong's budget. Though inflation adjusted it would be a little more than half. Town and Country had a $10 million worldwide gross. Total. Not opening weekend. Period. That's it.
Ishtar. While we are talking Warren Beatty, let's add Dustin Hoffman to to the mix. Cost $40 million...made $14 million and those are 1987 dollars folks.
Titanic, not a flop at all. Never topped $36 million on any given weekend. Cost $200 mil grossed $1.8 billion. Now I'm not saying Kong is Titanic, but that Titanic never had an "awesome" first weekend. Let's see if Kong has "legs" before we jump ship.
Heaven's Gate. Cost $44 million (1980 dollars), gross box office: $3.5 million.
The Four Feathers Cost: $35 million. Gross: $18.3 million.
Gone With the Wind, Wizard of Oz, Citizen Kane, were all flops when they came out.
Gigli. Cost: $54 million. US Gross: $6 million.
The Postman. Cost: $80 million. US Gross: $17 million.
Shanghai Surprise Budget: $17 million. US Gross: $2.32 million
The Adventures of Baron Munchausen. Budget: $46.6 million (1988 dollars) US Gross: $8.08 million.
Cutthroat Island. Cost: $92 million. US Gross: $10 million.
Hudson Hawk Cost: $65 million. US Gross: $17.2 million.
Battlefield Earth Budget: $80 million. Worldwide Gross: $29.7 million.
Let's not presage the death of a film because it didn't make "as much as expected." Or the death of an industry that has survived the above flops.