Studio executives in High Concept Hollywood have very short attention spans. When pitching a film idea, many believe if you can not do it in one sentence it is an unmarketable product. For example Planet Of the Apes (1968) starring Charlton Heston was pitched by producer Arthur Jacobs as "Moses Talks To Monkeys". Passenger 57 (1992) with Wesley Snipes was known as "Diehard On a Plane." Director James Cameron, permanently a strong track record with films like Aliens (1986) and True Lies (1994) knew he would have a tough selling job after he went deep sea diving with Dr. Robert Ballard to glimpse the remnants of the RMS Titanic. He became so emotionally involved by the experience that the sinking of the famous luxury liner in 1912 had to be the subject of his next picture. His pitch to the nervous executives at Twentieth Century Fox was, "Romeo and Juliet on a doomed ship." There was a tense pause and Cameron said, "Also fellas it's a period piece, it's going to cost $ 150,000,000 and there's not going to be a sequel." Fox, a studio which had known great success with both The Love Boat (1977-1986) TV show and The Poseidon Adventure (1972) was dubious about the idea's commercial prospects. But wanting a long term relationship with Cameron theyave him a green light.
Previous movie versions of the Titanic had focused on the historical aspects of the ship hitting the iceberg, so Cameron decided to play up the fictional love story. After Gywneth Paltrow turned down the female lead, Kate Winslet campaigned for it heavily by sending Cameron daily notes from England stating, "I'm your Rose." Her persistence led Cameron to invite her to Hollywood for auditions. One of her screen test partners Leonardo DiCaprio, impressed her so much she whispered to Cameron, "He's great. Even if you do not pick me, pick him." Cameron picked them both, but Leonardo was harder to persuade. Playing a romantic lead in a blockbuster just did not seem cool. Cameron told him, "I know what you want. You want to play him with a deformity or a limp. Well, it's much harder playing a nice guy like Jimmy Stewart then one of those freaky, weirdo characters." Freaks and weird character portrays often take home Oscars, but DiCaprio agreed to play the part.
For a major Hollywood production the star salaries were relatively low, DiCaprio made the most at $ 2,500,000. The largest expense of the film was building the ship, it required the construction of a strictly new studio in Rosarito Beach. Cameron's attention to historical detail was evident down to the carpets, the grand staircase, the Picasso paintings and the 1911 touring car that Jack and Rose made love in. But other aspects of the film were less accurate. There was no evidence that on the real life Titanic people in third class were blocked from reaching the upper decks and the lifeboats, the emphasis was on rescuing the women and children, the richest man on board the ship actually died. In the film, First Officer William Murdoch was portrayed as a coward who shot passengers, in real life he was a hero which caused James Cameron to apologize to his survival relatives. And Leonardo's character Jack was based on an unattractive coal miner, who never left the bottom decks, let alone met someone like Rose.
Cameron, temperamental in the best of times, was surviving on three hours sleep and saved most of his screaming for the film crew. His philosophy was you could not get great perfomances out of the actors by yelling. In one scene, Winslet and DiCaprio were running away from a huge wave on one of the decks and the actress was submerged and nearly drowned. Moments after she was rescued Cameron calmly said, "OK. Let's do it again."
As the costs began to mount along with the stories of the director's slow pace and temper tantrums, the Fox executives began to freak out. They claimed an hour of specific cuts from the three hour film. They argued the extended length would mean less shows then less money. But long epics are more likely to help directors bring home Oscars, and Cameron was more defiant than DiCaprio. "You want to cut my movie? You're going to have to fire me!" You want to fire me? You're going to have to kill me! "The executives, knowing that starting from scratch their own entitlement investment would be gone, did neither. They also rejected Cameron's offer of forfeiting his share of the profits as an empty gesture; they were sure There would not be any.
With more special effects being added Titanics's release date was moved back from summer to Christmas 1997. At one point Cameron visited the Twentieth Century Fox studio headquarters to request permission to shoot additional footage and ran smack dab into company chairman Rupert Murdoch (no relation to William ) In the hallway. After months of fiercely ordering people about, the self proclaimed "King of the World" could not look his real boss in the eye. "Uh hi. Uh I know I'm not your favorite person spending all your money. But I guarantee you the movie will be good." Murdoch, with a glint of steel in voice, replied. "Young man, it had to be better better than good!"
Thanks greatly to repeated viewings from young girls, the film made more money than any other picture in history. It tied Ben Hur (1959) for the most Oscars (11) despite it was not even nominated for Best Original Screenplay. The Fox Executives were more relieved than euphoric and promised no more $ 200,000,000 movies, they felt like they had dodged a bullet. DiCaprio who infuriated the studio by refusing to promote the film and show up at the Academy Awards, became a $ 10,000,000 per picture star, was chased down streets by adoring young females, and later called the whole Titanic craze, "kind of an empty experience" . Winslet, who at one point during the shoot woke up and said, "God I wish I was dead", moved back happily into smaller independent films. Cameron got his original profit share and continued to lose his temper, suggesting a film critic who panned Titanic be impeached. He reflected later that movie prices had to be raised to fifteen dollars to pay for overblown budgets. "People would be mad for six months and then they would come back. Of course I would not want one of my movies coming out during those six months."