I need to make a correction to the original post, and then I will provide an answer!
The question-asker claimed that Hikaru said that the King's Indian lost for black. This is actually not true! If you click on the link provided, you'll find that Hikaru states that Garry Kasparov decided that the King's Indian loses for black. And when Hikaru stated that, he did not intend to say that that was his opinion. Rather, he was answering the question from the interviewer who wondered if Garry had shared secrets to Hikaru that Hikaru was holding back. Hikaru responded by saying that he wasn't holding back secrets passed on by Garry, since Garry had decided it was losing. That was his point.
Now, obviously, with the tone in which Hikaru said this (and Hikaru's other comments), it was obvious that Hikaru was starting to sour on the opening a bit himself. But the King's Indian is a risky opening that is difficult to play well at the highest level -- and Hikaru probably had gotten burned by it recently.
However, that interview was from a long time ago.
Hikaru is well known (as are all chess players and all human beings) for taking different tones and attitudes toward something that backfires on them.
This by no means signifies that he is done with the King's Indian.
In fact, Garry Kasparov and Judit Polgar had turned away from the King's Indian, but Hikaru himself and Radjabov revived it.
At that point in time in 2015, the King's Indian may have been having troubles again -- but that doesn't mean that it won't be revived again.
The difficulty is that computers keep advancing and making it tough to play incredibly sharp lines without a clear outcome.
Players are always unsure whether or not their opponent has some tricky line prepared after hours of computer analysis. As such, they tend to like slightly safer lines.
But the real answer to your question is simply that openings go in and out of favor. Generally, when one really good player has success with an opening, it causes the other players to look into it more -- and it might even spark new ideas in their minds.
It's like a conversation. I might say something that causes you to go "Oh, wow, that's a great idea. And if that's true, then isn't such and such true?"
Right now, nobody in the top level are sparking those sorts of ideas in the King's Indian.
So, the King's Indian "conversation," has died off a bit.
That doesn't mean it won't be revived in the future!
(and regarding Magnus' remark, Magnus has his opinions... and he was also being witty!)