Now that Labor Day weekend is behind us, we can well and truly consider the Summer 2016 Movie Season closed. While we normally keep track of the weekly box offices to keep an eye on how well movies are performing, we occasionally take a look at the underperforming features as well. It turns out that Timur Bekmambetov's take on Ben-Hur starring Jack Huston and Toby Kebbell will officially be this summer's biggest bomb. That's an impressive feat in and of itself considering that the movie opened less than a month ago, but its struggle to reach $75 million worldwide means that the MGM/Paramount pic is looking at a loss of around $120 million.As THR reports, 80% of the $100 million budget for the remake and a sizable chunk of the marketing money was ponied up by MGM, so they'll be the studio taking the main hit; Paramount's losses will amount to a manageable $13 million. MGM recently downgraded its fiscal earnings forecast for the year due to the third-quarter write-down from Ben-Hur. They're banking on another remake, that of Antoine Fuqua's The Magnificent Seven, which opens the 2016 Toronto International Film Festival and then rolls into U.S. theaters starting September 23rd.