“Kid Who Would Be King” To Lose $50M?

Kid Who Would Be King To Lose 50m

20th Century Fox’s family-friendly adventure “The Kid Who Would Be King” looks to be the year’s first big flop after the $60 million-budgeted film debuted last weekend to a disastrous $7 million.

Variety reports that executives at rival studios estimate the film could lose around $50 million after taking marketing and production costs into account – though home entertainment sales, television licensing pacts and other ancillary revenues could reduce losses.

“Attack the Block” helmer Joe Cornish directed the fantasy film, a kid-friendly spin on “Excalibur,” which began its overseas rollout last weekend and earned a terrible $1.9 million, but hopes are high the UK and Europe will save the day (it has yet to open there).

Reviews have been quite good, but not great, for the PG film which has Rebecca Ferguson and Patrick Stewart in minor roles.