Wasn't TLD a huge international hit?
It did well enough (more than A VIEW TO A KILL, at any rate), but it wasn't really a "huge" international hit by any stretch. It was definitely a low-end success in terms of franchise history, and performed noticeably poorer than the earlier 80s Bond films.
Weren't both of Dalton's efforts priding the serious, back to basics approach that Craig's films are now being praised for?
To an extent. I don't think they did it anywhere near as well as Craig's films have done it.
LICENCE TO KILL was a flop, and that's not news.
It's also not true.
It wasn't a failure in terms of not making a profit, but viewed through the lens of earlier franchise success, it was most definitely a flop and a low point for the franchise.
It was a definite low point in Bond history.
So the revisionists say.
The revisionists are the ones trying to paint LICENCE TO KILL as a success.
In box office terms, James Bond was hardly on his death bed, anyway.
Internationally, no. But in the United States, he sure was.