The 70th Academy Awards, hosted by Billy Chrystal, took place on March 23, 1998, at the Shrine Auditorium in Los Angeles. To celebrate its 70th anniversary, the Academy brought 70 actors to the stage, all of whom have received both competitive and honorary awards, who appeared seated together during a segment called Oscar's Family Album. The broadcast drew an average of 57.25 million people over its duration, representing a 29% increase from the previous year.

Several notable films competed for "Best Picture," including "Titanic," "As Good as It Gets," "The Full Monty," "Good Will Hunting," and "L.A. Confidential." Titanic, produced by James Cameron and Jon Landau, won "Best Picture," cementing its place as the night’s big winner. James Cameron also won the "Best Directing" award. He was up against Peter Cattaneo for "The Full Monty," Gus Van Sant for "Good Will Hunting," Curtis Hanson for…