The Taylor/Burton film made buckets of money, but it was a financial failure because the production was such a legendary disaster that its budget was impossible to make back.
If you're talking about the one from 1963 with Liz Taylor, that's actually a bit of a misconception. It's adjusted budget was 44 million (350 million now), but ended up making 57.7 million at the box office, turning an actual profit. It's also the greatest hit of 1963.
The reason we consider it a flop is because of how the budgeting went down. It originally started at a budget of 5 million, but dramatically ballooned over time - in part due to Taylor's illness which required a tracheotomy. The movie sucked up so much money it forced Fox into the red for an extended period of time, inhibiting their ability to invest in new projects and hurting their bottom line overall.
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The reason we consider it a flop is because of how the budgeting went down. It originally started at a budget of 5 million, but dramatically ballooned over time - in part due to Taylor's illness which required a tracheotomy. The movie sucked up so much money it forced Fox into the red for an extended period of time, inhibiting their ability to invest in new projects and hurting their bottom line overall.
Link: http://variety.com/2017/film/news/most-expensive-movie-pirates-of-the-caribbean-cleopatra-avatar-hollywood-budgets-1202434333/
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