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...water this deep? And even if the picture turns out to be a hit, is it worth it? When Oscar night rolls around, if Cameron bounds to the stage and hoists the golden statuette, will the beleaguered Mechanic feel the agony was justified? Will anyone...

Author: /time Magazine | Title: CINEMA: TRYING TO STAY AFLOAT | 12/8/1997 | See Source »

...Murdoch took himself to Cameron's state-of-the-art screening room in Santa Monica, Calif., prepared to be dazzled. Instead, disaster struck. An electrical short shut down the projector. For a director whose films often deal with the treachery of technology, the symbolism was painfully apt. For Mechanic, it was another speed bump on the highway to hell. Murdoch left without seeing a frame of film...

Author: /time Magazine | Title: CINEMA: TRYING TO STAY AFLOAT | 12/8/1997 | See Source »

...setback, like so many others that plagued Cameron's saga of the legendary ocean liner, did not prove fatal. Murdoch saw the film at Fox the next day. "He said, 'It's a great film,' " Mechanic recalls. "He understood where the money went and that we had a chance to get our money back...

Author: /time Magazine | Title: CINEMA: TRYING TO STAY AFLOAT | 12/8/1997 | See Source »

...money back? Aren't the studios in business to turn a profit? Normally, yes. But nothing about Titanic is normal. After an arduous shoot during which Mechanic fought bitterly with Cameron and even more bitterly with Paramount Pictures, Fox's partner on the film, Mechanic admits to spending a smidgen less than $200 million. (That's without the additional millions it will cost to market it.) The picture will have to gross about $350 million for Fox to break even...

Author: /time Magazine | Title: CINEMA: TRYING TO STAY AFLOAT | 12/8/1997 | See Source »

...clear from the get-go that Titanic would cost a bundle. Cameron, 43, built a 775-ft. replica of the ship, 10% smaller than the real one, and a 17 million-gal. tank in which to sink it. The film was shot at a 40-acre complex Fox set up in Rosarito, Mexico. And Cameron got the studio to pay for repeated dives to the site of the actual wreck, where he deployed cameras specifically designed for his exploration...

Author: /time Magazine | Title: CINEMA: TRYING TO STAY AFLOAT | 12/8/1997 | See Source »

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