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Considering the benchmark for worldwide DVD, TV and cable revenues is generally twice a film's worldwide box office gross, a $100M North American gross is certainly not "meaningless".
From a business standpoint, one can make a good case that a film making more than $100M in the U.S., would in the end, after all the ancillary revenues are accounted for, stands to make a good profit except of course if its production and distribution costs are just way too exorbitant. Luckily, there has only been very few of those.
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I didn't discuss the idea of a $100m gross as "meaningless" in regard to profitability. I regard it as useless as far as considering it a benchmark to establish if a movie's a big hit. And it is - $100m now means nothing as a way to gauge if a movie was a "hit", whatever that means.
