A Certain Point of View: Writing, Film and Stuff

Does Disney own the movie Titanic now? James Cameron’s 1997 film was the most expensive motion picture of its day; its unprecedented $200 million budget was so large that Cameron’s Lightstorm Entertainment had to team up with two major studios to get his film made and distributed. The two studios that stepped up to the plate were Paramount Pictures (a subsidiary of Viacom) and 20th Century Fox Film Corporation (a division of Rupert Murdoch’s News Corporation). Though it might seem strange that two rival studios would join forces to produce and release a major motion picture, it has happened several times, most notably when Universal Pictures and Columbia Pictures bankrolled Steven Spielberg’s  1941  back in the late 1970s. What usually happens in these deals is that one studio gets the rights for domestic distribution, while the other gets the foreign distribution rights. In the case of  Titanic,  Paramount Pictures got dibs on the lucrative North American market, while