'Titanic''s Cameron Prepping Comeback

01/22/2004 at 11:59 AM EST

The King of the World is returning. James Cameron, Oscar-winning writer/director of 1998's epic box-office smash "Titanic," is finally readying a follow-up feature, Variety reports.

Cameron describes the untitled project as "a big science-fiction film with a pile of special effects." As reported in Reuters, Cameron plans to start shooting the film for 20th Century Fox in late 2004, utilizing high definition 3-D equipment.

The plans were announced during a question and answer session with a group of science fiction devotees at a special Hollywood screening of Cameron's 1991 blockbuster "Terminator 2: Judgment Day," says Variety.

Since the 1998 release of "Titanic," Cameron has busied himself with documentaries. The 3-D Imax movie "Ghosts of the Abyss" found him once again exploring the ocean floor, and the TV special "Expedition: Bismarck" looked at the story of the legendary German battleship.

Cameron is known for being passionate about his work -- so much so that he readily goes over budget. Despite this, "Titanic" grossed a record $1.8 billion worldwide. The sea saga which starred Leonardo DiCaprio, Kate Winslet and Billy Zane, won 11 Oscars including Best Picture and Best Director.

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