Entertainment Year In Review

It was a Titanic year in the entertainment world. After numerous setbacks, James Cameron's epic film set sail on the big screen and sank the competition. As CBS News Correspondent Manuel Gallegus reports, Titanic was just one of the big stories of 1998.

"I am king of the world!" exclaimed Cameron, quoting a line from the movie's hero, when he accepted his prize for Best Director at the 70th Annual Academy Awards.

Leonardo DiCaprio may be worth his weight in gold at the box office, but he was not worthy of an Oscar nod. Titanic won 11 Oscars, but the Academy snubbed the heartthrob.

CBS News Audio
Lisa Karlin Reports For CBS News.
The epic love story raked in $1.8 billion dollars worldwide, becoming the top grossing film of all time. James Cameron silenced his critics with the film's success.

In the music world, Shawn Colvin's Sunny Came Home won Record of the Year and Song of the Year at Grammy Awards in February. Her platinum album A Few Small Repairs reached number one on the adult contemporary chart.

CBS News Audio
Lisa Karlin Reports For CBS News.
It was hard to believe the news that crossed the zipper in Times Square in May: Frank Sinatra Dead At The Age Of 82. The Empire State Building turned its lights blue in honor of the late Chairman of the Board, whose first number one hit was I'll Never Smile Again in 1940 when he sang with the Tommy Dorsey Band.

Alan Cumming won a Tony for his role as the Emcee in Cabaret. The musical, which takes place at the mythical Kit Kat Klub also won a Tony for Best Musical Revival.

CBS News Audio
Lisa Karlin Reports For CBS News.
Disney's The Lion King won a Tony for Best Musical. Art won a Tony for Best Play.

Garth Brooks took home the CMA's Entertainer of the Year Award. He beat out George Strait, who nevertheless was honored as Male Vocalist of the Year. Trisha Yearwood was named Female Vocalist of the Year. The Dixie Chicks were chosen as the Vocal Group of the Year.

After nine years Jerry Seinfeld and the gang signed off. Seinfeld, the sitcom about New Yorkers became a fan favorite, proving that people can find a show about nothing entertaining.

Reported by CBS News Correspondent Manuel Gallegus