Released to theaters on December 19, 1997, Titanic opened with $28 million on its first weekend. The film’s grosses escalated in the next several weeks. Titanic grossed more in its second weekend than its first, something rare for a modern big budget film. Its gross increased from $28.6 million to $35.4 million from week 1 to week 2, an increase of 23.8%, unheard of for a wide release, and a testament to the appeal of the movie. This was especially noteworthy, considering that the film’s running time of more than three hours limited the number of showings each theater could schedule. It held the #1 spot on the box-office charts for months, eventually grossing a total of over $600 million domestically and more than $1.8 billion worldwide. Titanic became the highest grossing film of all time. The CG visuals surrounding the sinking and destruction of the ship were considered spectacular. Despite criticism during production of the film, it received a record-tying 14 Oscar nominations (tied with All About Eve) at the 1998 Academy Awards. It won 11 Oscars (also record-tying with Ben-Hur and later The Lord of the Rings: The Return of the King), including Best Picture, Editing, Sound, Special Effects, Music and Score, and the Best Director award for Cameron. Upon receiving the award, Cameron exclaimed “I’m king of the world!”, in reference to the main character’s line from the film.