LOS ANGELES (Reuters) - "Titanic" director James Cameron could get a lot more than just accolades for his stunningly successful film. A published report this week says studio heads are so jubilant over box office receipts they are considering paying Cameron fees that he had agreed to waive to keep costs under control. Newsweek reported in its Feb. 15 issue that Twentieth Century Fox and Paramount Pictures are preparing to "do the right thing," for Cameron. The magazine quoted one studio insider as saying: "'We will do something to make Jim happy. We all believe it is the just thing to do.'" Last year when "Titanic" production was soaring over budget and failed to meet the targeted summertime release date, Cameron agreed to give up fees for the film as well as his percentage of the profits to help appease studio heads who were nervous the film could become an epic flop. But now "Titanic" is the third biggest grossing film of all times and moving into its second month at No. 1 at the box office, attitudes have changed. Newsweek said that based on box office receipts to date, Cameron's sacrifice amounts to about $50 million. "I feel like a chump every time I discuss waiving my deal," the magazine quoted Cameron as saying. It also said the studios were considering giving co-stars Leonardo DiCaprio and Kate Winslet each a million-dollar "show of gratitude" payment. "Titanic's" profits are shared 60-40 with News Corp Ltd's Twentieth Century Fox taking the larger share and Viacom Inc Paramount taking the rest. With box office receipts since the Dec. 19 release at $376.4 million, both have more than recouped their investment. "Titanic" cost $200 million to produce, making it the most expensive film ever made.