Why did Ace in the Hole fail at the box office?

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Ace in the Hole (1951), which was Billy Wilder’s first project as both producer and director, failed at the box office primarily due to its dark and cynical subject matter. The film is an acerbic drama that provides a corrosive account of a tabloid reporter who amorally manipulates a mining tragedy in New Mexico to artificially extend its coverage in the press. Because of this grim and cynical tone, some critics at the time viewed the film as heavy-handed.1