Claim: The 70th Academy Awards saw Titanic which had an initial worldwide gross of over $1.84 billion win Best Director for James Cameron and Best Picture along with 9 other awards.
Evidence: Nominated for 14 Academy Awards, it tied All About Eve (1950) for the most Oscar nominations, and won 11, including the awards for Best Picture and Best Director, tying Ben-Hur (1959) for the most Oscars won by a single film. James Cameron With an initial worldwide gross of over $1.84 billion, Titanic was the first film to reach the billion-dollar mark.