Define 'blockbuster'

Another film based on the comic-book hero The Phantom is to be made in Australia. According to this story, the 1996 film starring Bily Zane was a "blockbuster hit". According to boxofficemojo.com, which charts these things, it made a total lifetime gross of US$17,323,326. In that same year, Independence Day was the No. 1 hit with a gross of $306,169,268. Even Striptease, which often appears on the all-time flop lists, made $33,109,743. Now The Phantom did move some VHS and DVD copies, but "blockbuster" is a tad off the mark. Even the new film's writer Tim Doyle says: "I think we did it OK before, but I really, honestly, feel we can do it better. A lot better."