<Ul> <Li> ← 69th </Li> <Li> Academy Awards </Li> <Li> 71st → </Li> </Ul> <P> The 70th Academy Awards ceremony, organized by the Academy of Motion Picture Arts and Sciences (AMPAS), took place on March 23, 1998, at the Shrine Auditorium in Los Angeles beginning at 6: 00 p.m. PST / 9: 00 p.m. EST . During the show, AMPAS presented Academy Awards (commonly referred to as Oscars) in 24 categories honoring films released in 1997 . The ceremony, which was televised in the United States by ABC, was produced by Gil Cates and directed by Louis J. Horvitz . Actor Billy Crystal hosted the show for the sixth time . He first presided over the 62nd ceremony held in 1990, and he had hosted the previous year's gala . Nearly a month earlier in an event held at the Regent Beverly Wilshire Hotel in Beverly Hills, California on February 28, the Academy Awards for Technical Achievement were presented by host Ashley Judd . </P> <P> Titanic won a record - tying eleven awards including Best Director for James Cameron and Best Picture . Other winners included As Good as It Gets, Good Will Hunting and L.A. Confidential with two awards, and The Full Monty, Geri's Game, Karakter, The Long Way Home, Visas and Virtue, Men in Black and A Story of Healing with one . The telecast garnered more than 57 million viewers in the United States, making it the most watched Oscars broadcast in history . </P> <P> The nominees for the 70th Academy Awards were announced on February 10, 1998, at the Samuel Goldwyn Theater in Beverly Hills, California, by Robert Rehme, president of the Academy, and actress Geena Davis . Titanic received the most nominations with a record - tying fourteen (1950's All About Eve, and later 2016's La La Land, also achieved this distinction); Good Will Hunting and L.A. Confidential came in second with nine apiece . </P>

Who won the oscar the year titanic came out