After its tremendously successful holiday launch, Titanic, 20th Century Fox probably feels a lot like George Bailey from It's a Wonderful Life after the townsfolk saved him with all that cash.

After another North Atlantic-sized holiday weekend that saw the $200 million, three-hour-plus romance epic rake in another $33.3 and once again lead the box office, Daily Variety is reporting that NBC has agreed to pay Fox and its limited partner on the project, Paramount, $30 million to air the film five times starting in 2000.

Reps from both studios and NBC refused to confirm the agreement, and details haven't been published. The $30 million price tag, however, would only rank behind Fox Broadcasting's $80 million payment for The Lost World and the $50 million NBC recently anted up for Men in Black.

The most expensive movie ever made, many predicted the James Cameron-directed romance epic starring Leonardo DiCaprio and Kate Winslet to sink under enormous budgetary weight.

But Titanic has already recouped more than $157 million in about three weeks of domestic release--great news for Paramount, whose investment was capped at $65 million and who controls the North American distribution. (Once the film broke $100 million domestic, analysts said Paramount would be in the black.)

Even Fox, which was on the hook for most of the film's budget and who is handling the international distribution, could turn a small profit. As of Friday, Titanic had grossed $25 million in Australia, Hong Kong, Japan, Malaysia, New Zealand, Singapore, South Africa, Taiwan and Thailand.

  • Share
  • Tweet
  • Share

We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences. By using the site, you consent to these cookies. For more information on cookies including how to manage your consent visit our Cookie Policy.