Independence Day became the highest-grossing film of Will Smith's career, up until it was surpassed by Aladdin (2019) which grossed $1.054 billion. However, adjusting for inflation, Independence Day in 2019 grossed $1.324 billion. [2]
Rumble in the Bronx was released in North America, becoming Jackie Chan's first major box office hit in the region, with its US box office alone earning over 20 times its budget.[3] It was Chan's biggest ever hit up until then.[4]
Context
The theatrical year of 1996 achieved a $5.8 billion domestic gross milestone and saw a record twelve films earning over $100 million by the end of December, with Independence Day earning over $300 million. However, the film industry experienced a surplus of releases between 1995 and 1996 that resulted in several box office flops, studio bankruptcies and sales, and otherwise successful films struggling to turn in a profit. The average cost of producing and marketing film rose to $60 million, a 20% increase from the previous year, with a contributing factor being the record high-salaries for stars such as Sylvester Stallone, Tom Cruise, Arnold Schwarzenegger, Mel Gibson, Jim Carrey, Harrison Ford, Michael Douglas, Sharon Stone, Julia Roberts, and Demi Moore that became the subject of industry scrutiny following several high profile flops that were released in between 1995 and 1996. This resulted in studios having to cut their film slate by fifty percent to offset growing production and marketing costs and ensure more profits.[5][6][7][8][9]
Events
June 19 – The Hunchback of Notre Dame has one of the largest premieres for a motion picture, taking place at the Superdome in New Orleans, with an audience of 65,000 people, as well as free admission. The film received generally positive reviews, and was a commercial success in box-office revenue.
September 20 – 75-year-old English actor Sir Dirk Bogarde has a severe stroke. He continued to need a wheelchair until his death in 1999.
December 20 - Scream is released to a surprised commercial success. Hailed as a influential landmark in the horror genre, it revitalized the declining slasher genre by satirizing the subgenre with characters that are well-versed in its clichés. Scream’s success lead to studios capitalizing especially on marketing horror films towards the teenage and young adult demographic.
↑ Smallwood, Bill (March 16, 1947). "Delightful Side". Los Angeles Sentinel. p.17. ProQuest562108876. Billye [sic] Yarbo and Nat Cole both birthday on the 17th.
↑ 1940 United States Federal Census Year: 1940; Census Place: Los Angeles, Los Angeles, California; Roll: m-t0627-00416; Page: 12A; Enumeration District: 60-362
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