Spielbergs War of the Worlds could be most costly film ever
In Cameron's case, the gamble paid off. Titanic went on to earn more than $1bn at the global box office.
In the meantime director Spielberg and star Tom Cruise are believed to have cleared their schedules in order to fast track the movie into production. Backed by Paramount, he film is tentatively booked for a US release at Christmas 2005.
Source: Guardian Unlimited