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Superman Returns - Costliest Movie Ever?

Reports are coming out that Superman Returns may be the most expensive movie of all-time. $326 million is a lot of dough for a rehash of an old franchise about a boy in tights.

Variety reported its director Bryan Singer acknowledged its budget is approaching $326 million - that would top Titanic's $250 million and Waterworld's $225 million. But the director of upcoming Harry Potter film Harry Potter and The Goblet of Fire, Mike Newell, is now claiming the title. "I think of myself as being really lucky," he said. "I'm going to make the most expensive film ever. These things are not like ordinary films they are world events." And the cost of the film, due here on December 1? Reportedly $305 million. Special effects, not actors' salaries, are driving the ballooning budgets, although Superman Returns has years of development costs to sink as well.