LOS ANGELES - Hollywood is steaming towards its very own iceberg as delays in the opening of Titanic, the most expensive film yet made, are threatening other $100 million plus movies.
The delay has arisen because of complicated computer generated effects, a big element in the work of director James Cameron. Titanic, jointly financed by Fox and Paramount, was supposed to be released on July 2nd for the July 4th weekend but is now likely to be two weeks late. This will force other studios to delay the release of their big budget offerings to avoid colliding with Titanic.
A model of the ship, five storeys high and suspended in an 18 million gallon tank was so large it was visible nearly a mile tram the beach during filming in southern California.