Production of the film began in 1995, when Cameron shot footage of the real wreck of the RMS Titanic. He envisioned the love story as a means to engage the audience with the real-life tragedy. Shooting took place at the Akademik Mstislav Keldysh - which aided Cameron in filming the real wreck – for the modern scenes, and a reconstruction of the ship was built at Playas de Rosarito, Baja California. Cameron also used scale models and computer-generated imagery to recreate the sinking. Titanic became at the time the most expensive film ever made, costing approximately US$200 million with funding from Paramount Pictures and 20th Century Fox. Both studios nearly went bankrupt over the costs associated with this movie.
Originally slated to be released on July 2, 1997, post-production delays pushed back the film's release date to December 19, 1997. After word broke out that Titanic's release date was pushed back, the press believed that Titanic would fail and cause the downfall of Fox and Paramount. Despite low expectations, the film was an enormous critical and commercial success, winning eleven Academy Awards including Best Picture and becoming the highest-grossing film of all time, with a total worldwide gross of approximately $1.8 billion.
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