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Avatar by James Cameron
[Previous answer: Titanic by James Cameron, which made $1,835,300,000.
However Avatar (also by James Cameron) may be set to break Titanic's record very soon, as it made $1bn in the first few weeks of being released, making it the fasted selling film of all time]
Avatar broke Titanic's record on or around January 27th 2010 (depending on your time zone). What makes this achievement particularly remarkable is the movie's only having gone on general release the previous month.
avatar beat titanic James Cameron beat his own record
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