So, how does a biopic about Muhammad Ali, starring Will Smith, and directed by Michael Mann (the madman behind The Insider, Heat, and The Last of the Mohicans), lose a boatload of money?

By spending way too much on the film. When all was said and done, the boxer epic’s budget ballooned to $118 million, and the film only made $87 million worldwide. Combined with marketing costs, the film lost over $100 million.