According to The Hollywood Reporter, Avatar has surpassed Titanic as the highest grossing film worldwide.
Avatar's $1.858 billion dollars edges past Titanic's $1.843 billion. Avatar looks to wrest the domestic number one slot as well, with nearly $555 million and still counting closing in on Titantic's $600 million North American gross.
I just wish a better movie had toppled Titanic. Between these two James Cameron blockbusters, the story with the boat had more heart in it and feeling to it than the one with the treehuggers.
Cameron is good at sequels (Aliens and T2), so maybe A2: The Company Strikes Back (NO, that is not the official title) will be a better film.