'Avatar' sinks 'Titanic' to become top-grossing film of all time

Box office history was made this week as James Cameron's "Avatar" toppled James Cameron's "Titanic" to set the record for the top-grossing domestic film of all time.

"Avatar" now stands at $601.1 million, passing the 13-year-old record ($600.8 million) set by "Titanic" in 1997.

Here is how the Top 5 films stand:

1 Avatar $601,141,551 - 2009
2 Titanic $600,788,188 - 1997
3 The Dark Knight $533,345,358 - 2008
4 Star Wars $460,998,007 - 1977^
5 Shrek 2 $441,226,247 - 2004

"Avatar" is also the most successful film overseas, passing "Titanic" to become the only film to gross more than $2 billion.

Here's the Top 4 films worldwide:

1 Avatar $2,048.1
2 Titanic $1,843.2
3 The Lord of the Rings: The Return of the King $1,119.1
4 Pirates of the Caribbean: Dead Man's Chest $1,066.2
5 The Dark Knight $1,001.9

And here's the scary part. There's a lot of people who still want to see "Avatar." With nine Oscar nominations, "Avatar" could receive a huge boost at the box office if it hauls in a "Best Picture" win.