"Titanic" to see 2012 3D release after "Star Wars"

Fri Oct 1, 2010 1:18pm EDT
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By Carl DiOrio

LOS ANGELES (Hollywood Reporter) - Early 2012 suddenly is shaping up as a major launch pad for classic blockbusters bowing in 3D.

Hollywood studios Paramount Pictures, 20th Century Fox and Lightstorm Entertainment are mulling the 3D re-release of James Cameron's "Titanic" in April of that year.

That could put "Titanic" in theaters mere weeks after the 3D reissue of George Lucas' "Star Wars: Episode I -- The Phantom Menace" from Fox and Lucasfilm.

Plans were announced this week to send out the first in a planned series of "Star Wars" re-releases sometime between February and April of 2012.

April 15, 2012, marks the 100th anniversary of Titanic slipping into the icy Atlantic, and Paramount marks its own centennial the same month. But it's possible that "Titanic" could be released as early as that year's oft-lucrative Valentine's Day weekend.

So with "Phantom Menace" awaiting final slotting, there's a chance Cameron and Lucas could arm-wrestle over the hearts-and-flowers frame.

Lightstorm has completed tests of extended footage from "Titanic," the second-highest-grossing film in history behind Cameron's "Avatar." But no shop has been awarded work on the project.

"It's a time-consuming process, and we want to do it right," "Titanic" producer Jon Landau told The Hollywood Reporter on Thursday. "Converting a movie is not a technical process; it's a creative process that has technology behind it."   Continued...

<p>Leonardo DiCaprio and Kate Winslet react in a scene as flooding takes place in the first class reception area in "Titanic,". REUTERS/Handout</p>