'Titanic' may be re-released in 3D in 2012

HOLLYWOOD, Calif. Hollywood studios Paramount Pictures, 20th Century Fox and Lightstorm Entertainment are considering re-releasing the blockbuster in 3D in April 2012, just a few weeks after George Lucas' "Star Wars: Episode 1 - The Phantom Menace" hits theaters in 3D.

"It's a time-consuming process, and we want to do it right," producer Jon Landau told The Hollywood Reporter. "Converting a movie is not a technical process; it's a creative process that has technology behind it."

The release is timed with 100 year anniversary of the Titanic tragedy, which occurred on April 15.