70th Academy Awards

The 70th Academy Awards were noted for their high ratings and the 11 wins racked up by the Best Picture, Titanic. Billy Crystal hosted the ceremony for the sixth time, and received an Emmy award for his performance.

Although the evening was dominated by Titanic, the picture notably did not receive any awards for its actors' performances. Other pictures picked up the acting awards; Good Will Hunting, which was nominated for 9 awards and won 2; L.A. Confidential, which was nominated for 9 awards and won 2; and As Good As It Gets, which was nominated for 7 awards and won 2.

Notable Quotes

• "I'm the king of the world!", Titanic director James Cameron, on winning the Best Picture Oscar.

• "My friend James Cameron and I made three films together: True Lies, Terminator, and Terminator 2. Of course, that was during his early low-budget art-house period." – Arnold Schwarzenegger, presenting an Award.

The Awards

Feature Films

• Best motion picture of the year: Titanic
• Best foreign language film of the year:Character (movie)

Acting

• Performance by an actor in a leading role: Jack Nicholson in As Good As It Gets
• Performance by an actress in a leading role: Helen Hunt in As Good As It Gets
• Performance by an actor in a supporting role: Robin Williams in Good Will Hunting
• Performance by an actress in a supporting role: Kim Basinger in L.A. Confidential