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![]() However, the film industry experienced a surplus of releases between 19 that resulted in several box office flops, studio bankruptcies and sales, and otherwise successful films struggling to turn in a profit. 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. It was Chan's biggest ever hit up until then. It became the year's most profitable film, with its US box office alone earning over 20 times its budget.
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