It's That Movie Again

By Chris Taylor Wednesday, Feb. 25, 1998
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LOS ANGELES: The behemoth just keeps on chugging. "Titanic" is now the highest-grossing movie in the world, ever -- and theres no sign of icebergs as it steams into the record books. Global ticket sales have reached a colossal $918 million, soaring past the puny $914 grossed by "Jurassic Park." Evidently, Spielbergs dinosaur flick simply did not kill off enough of its extras.

What does this mean for the future of movies? "Titanic," which cost $200 million to produce and $100 million to promote, is now on course to become a $700 million industry. One film now has profits equivalent to the GNP of a small country. Once it passes the $1 billion mark worldwide and beats the twice-released "Star Wars" at home, look for Hollywood to do what it does best -- copycat movies. Coming soon: Love aboard the Lusitania!