According to the data set over at Box Office Mojo in 1996 Independence Day opened with a then-record $96 million July 4 extended weekend (five-day) gross. That made it #1 at the box office, of course, a position it held for the next two weekends, then held on to the #2 spot for the two weekends after that, and stayed in the top five for two more, on the way to banking $300 million, a sum which made it the top-earning movie of a very vigorous summer movie season, and a very good year for Hollywood overall (which, not incidentally, launched Will Smith's long career as a sci-fi action star).
In 2016 the sequel Independence Day: Resurgence pulled in a mere $41 million, putting it at #2, and was down to the #5 spot a week later, after which it continued a fairly quick plummet through the rankings. At the end of its run it had about $103 million banked, which, in inflation-adjusted terms, is a good deal less than the original made in just its first five days, and under a quarter of that movie's overall gross. The result was that it barely made the #27 spot for the year, just ahead of the far lower-budgeted horror movie The Conjuring 2.
In short, it could not but be considered a disappointment in light of the original's massive success, and for that matter, its massive $165 million budget--without at the same time gaining a measure of cult-y success.
That failure, of course, does not seem to require much explanation. The second Independence Day movie was a sequel, arrived long after the original had passed from the very short pop cultural memory of most--the more so because of the kind of movie it was. In 1996, when we had about a half dozen really big would-be blockbusters that summer, most of them quite different (the others were Dragonheart, The Rock, Eraser, the first Mission: Impossible and Twister), Independence Day was something we hadn't seen before--the subject matter at least as old as H.G. Wells, but the handling of the spectacle still something that stood out with its grandiosely CGI-powered depiction of a massive alien attack on Earth's major cities.
Now it's entirely standard.
Due to the genre's scaling up, and going science fiction-al in the process, every action movie is now likewise a disaster movie--and a monster movie, and an alien invasion movie in some way or other--any "respectable" CGI-packed tentpole apt to have otherworldly creatures wrecking the core of at least one major city before the end credits (as was the case in the same year's X-Men Apocalypse, Suicide Squad, Superman vs. Batman and Ghostbusters, to say nothing of the city-busting we saw in Rogue One). As with so many prior action movie phenomena--James Bond, Star Wars--what was once special about the movie became routine, except that it never really acquired the kind of brand name that a film franchise could go on trading on after it has ceased to be fresh and new (the dashing of which hope is all too evident when one looks at the closing scenes, and their desperate laying of groundwork for a third movie that is almost certain to not happen).
It did not help that ID: Resurgence was, in spite of some dazzling effects, a fairly mediocre example of the type, in a far more crowded season--which promptly saw it shoved out of the way by other, more vigorous movies, through the rest of the summer and after it, and then in the next year.
In fact you probably already forgot all about it until I mentioned it just now, didn't you? (I know I did until recently happening on it when flipping channels.)
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