note The next film based off a Cussler novel, Sahara, would also be a Creator Killer for that film's director, Breck Eisner (son of Michael Eisner, who was chief of Paramount when Raise the Titanic was released, moved to Disney just before the real Titanic was discovered, and left around Sahara's release Sahara was distributed by Paramount), though he bounced back a bit.

This film also acted as the iceberg for the maiden voyage of director Jerry Jameson as far as tentpole films are concerned he stayed on television for the rest of the 20th century and all future theatrical films directed by him have small budgets.

The film wasn't the only flop producer Lew Grade had at the time, but it was the biggest, and its failure pretty much ended his career as a movie producer the other one was The Village People's Can't Stop the Music, produced by EMI the record company, which had been trying to break into movie making much like Grade (to the point that they had formed a joint venture called Associated Film Distribution for American releasing) both the movies flopped so bad (in Music's case, because of the anti-disco backlash taking place in the US at the time), Grade and EMI's film divisions, and by extension, AFD all sunk, with the remaining backlog of releases sold to Universal (who would, of course, acquire ITC's shell by the late 90s, while the EMI library, via Cannon, ended up with StudioCanal, and hence Universal distributes those as well).

Clive Cussler was nearly in tears when he saw the film, saying that 'I really don't know where all the money went. Creator Backlash: As Lew Grade said of the film's dismal performance, 'It would have been cheaper to lower the Atlantic'.Box Office Bomb: Raise the Titanic was a notable financial and critical bomb, recouping only about $13 million of its $40 million budget, and is credited with bringing about the demise of Lew Grade's ITC Entertainment it survived until 1998, and was acquired by Polygram and then Universal (except the library, which went to what eventually would become ITV Plc), but as a shell of its former self.

Raise the titanic novel