King Kong disappoints at the box office

Kong disappoints at the box office. Despite a reported $207 million budgets and an estimated $75 million spent to market the ape worldwide, the box office of $50.1 million is a disappointment for the studio. Peter Jackson's LOTR grossed more than $70. million when it opened in 2003.

Was the Ape too long at 3 hours, or is it that the audience just wasn't thrilled enough to cough up the bucks to see a story where the ending is already known?

Oscar watch: Who will get the Oscar for best picture? We will have more on this later this week.