Industry experts believe "Titanic" will steam ahead of "Star Wars" as the highest grossing domestic film of all time within a few weeks and may become the first movie to break the $1 billion box office barrier around the world. The epic's overseas distributor, 20th Century Fox, said the movie about a love affair aboard the doomed ocean liner generated $516 million in overseas box office revenue through Monday. That figure, coupled with a domestic gross over $402 million, sent "Titanic" past director Steven Spielberg's 1995 thriller about dinosaurs run amok in a theme park. "Jurassic Park" has taken in a total $914 million worldwide. "Titanic" is still number two in domestic markets behind 1997's "Star Wars," which has hauled in $461 million since opening in U.S. theaters in 1977. "Star Wars" is number four on the worldwide list with a total $780 million, according to trade newspaper Daily Variety. "Titanic" opened in theaters about nine weeks ago, and its phenomenal success has sent its pre-release naysayers to their respective watery graves. At a price tag of $200 million to produce and another $100 million to promote, advertise and market, Titanic was widely expected to lose money for its producers, Fox and Paramount Pictures. But now experts are saying the film could generate a profit of as much as $200 million for the film studios. Along with its box office sucess, the movie led the list of Oscar nominees earlier this month with a total 14 nominations including best picture. Oscar winners will be named March 23.