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The #8 most expensive movie ever made – King Kong directed by Peter Jackson, is a remake of King Kong 1933. The initial budget for this film was only $150 million but finally it had a record break estimation of $231.9 million. King Kong was released on 14^th December 2005, and it did not do well in collection as expected. The film made an opening of $50.1million and eventually added up to $550 million worldwide. It is the fourth highest grossing movie in the history of Universal Pictures.