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Cameron was a co-founder and former CEO of Digital Domain, a visual effects production and technology company.
In addition, he plans to create a 3-D project about the first trip to Mars. ("I've been very interested in the Humans to Mars movement—the 'Mars Underground'—and I've done a tremendous amount of personal research for a novel, a miniseries, and a 3-D film.") He is on the science team for the 2011 Mars Science Laboratory.
Cameron announced on February 26, 2007, that he, along with his director, Simcha Jacobovici, have documented the unearthing of the Talpiot Tomb, which is alleged to be the tomb of Jesus. Unearthed in 1980 by Israeli construction workers, the names on the tomb are claimed, by Cameron, to correlate with the names of Jesus and several individuals closely associated with him. Cameron further claims to have DNA tests, archaeological evidence, and Biblical studies to back up his claim. The documentary, named The Lost Tomb of Jesus, was broadcast on the Discovery Channel on March 4, 2007.
Avatar had an estimated budget of over $300 million and was released on December 18, 2009. This marked his first feature film since 1997's Titanic. It is composed almost entirely of computer-generated animation, using a more advanced version of the "performance capture" technique used by director Robert Zemeckis in The Polar Express. James Cameron wrote an 80 page scriptment for Avatar in 1995 and announced in 1996 that he would make the film after completing Titanic. In December 2006, Cameron explained that the delay in producing the film since the 1990s had been to wait until the technology necessary to create his project was advanced enough. The film was originally scheduled to be released in May 2009 but was pushed back to December 2009 to allow more time for post production on the complex CGI and to give more time for theatres worldwide to install 3D projectors. Cameron originally intended Avatar to be 3D-only. The film went on to break the record for highest-grossing film ever, beating Cameron's previous film Titanic. Avatar also became the first movie to ever earn more than $2 billion worldwide. It was nominated for nine Academy Awards, including Best Picture and Best Director, and won three for Best Cinematography, Best Visual Effects and Best Art Direction. Cameron lost the award for Best Director to his ex-wife, Kathryn Bigelow, who also took Best Picture with her film The Hurt Locker.
Cameron was declared as the highest earner in Hollywood for 2010 earning $257 million for his blockbuster hit, in a survey listing the top 40 earners by Vanity Fair.
Cameron received the Bradbury Award from the Science Fiction and Fantasy Writers of America in 1991—but, being primarily thought of as a genre filmmaker, he did not receive any major mainstream filmmaking awards prior to Titanic. With Titanic, Cameron received Academy Awards for Best Film Editing (shared with Conrad Buff and Richard A. Harris), Best Picture (shared with Jon Landau), and Best Director. He also won a Golden Globe Award for best director for the film.
In recognition of "a distinguished career as a Canadian filmmaker", Carleton University, Ottawa, awarded Cameron the honorary degree of Doctor of Fine Arts on June 13, 1998. Cameron accepted the degree in person and gave the Convocation Address.
He also received an honorary doctorate in October 1998 from Brock University in St. Catharines, Ontario, for his accomplishments in the international film industry.
In 1998, Cameron attended convocation to receive an honorary doctorate of Laws from Ryerson University, Toronto. The university awards its highest honor to those who have made extraordinary contributions in Canada, or internationally.
In 1999, Cameron received the honorary Doctor of Fine Arts degree from California State University, Fullerton, where he had been a student in the 1970s. He received the degree at the university's annual Commencement exercises that year, where he gave the keynote speech.
In recognition of his contributions to underwater filming and remote vehicle technology, the University of Southampton awarded Cameron the honorary degree of Doctor of the University. Cameron received his degree in person at the graduation ceremony in July 2004.
On June 3, 2008, it was announced that he would be inducted into Canada's Walk of Fame. On December 18, 2009, the same day Avatar was released worldwide, Cameron received the 2,396th star on the Hollywood Walk of Fame.
On February 28, 2010 James Cameron was honored with a Visual Effects Society (VES) Lifetime Achievement Award.
With Avatar, Cameron has been nominated for three Academy Awards for Best Picture (shared with Jon Landau), Best Director and Best Film Editing (shared with John Refoua and Stephen E. Rivkin) and received the Golden Globe for Best Picture and Best Director. Cameron and Avatar lost the Academy Awards for Best Director and Best Picture to Cameron's former wife Kathryn Bigelow for her film, The Hurt Locker.
On September 24, 2010 James Cameron was named Number 1 in The 2010 Guardian Film Power 100 list. In a list compiled by the British magazine New Statesman in September 2010, he was listed 30th in the list of "The World's 50 Most Influential Figures 2010".