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NKAJ said:
didnt they say this if the money was adjusted for inflation it would be less than titanic

Sure but Avatar still has a change to catch Titanic's numbers even if you figure in inflation.  Avatar still has a change to make a lot more money and it could get a large Oscar boost if it wins enough of then.  Also Titanic was at the movies for almost a year and no movie today stays in theaters that long even if does good because studios are too eager to earn their DVD/Blu Ray profits as soon as possible.