01/03/1998 'Titanic' becomes the first film to gross over $1 billion
'Avatar' Sinks 'Titanic' in the Box Office
Titanic by James Cameron remained the highest-grossing film of all time until Avatar surpassed it in 2010. At the time, it was also the most expensive film ever made, with a production budget of $200 million. Titanic won 11 Academy Awards, including the awards for Best Picture and Best Director.
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