From Looks like James Cameron is the King of Middle Earth, too. With $1.14 billion worldwide and counting, Avatar has now overtaken the $1.1 billion raked in by 2003’s The Lord of the Rings: The Return of the King to become the second-highest-grossing film in history.

In fact, Avatar is going so strong that what once seemed an out-of-this-world impossibility now seems within the realm of (virtual) reality. If the 20th Century Fox movie, which screens in both 2-D and 3-D formats, keeps up its current pace, it could catch the $1.8 billion in global ticket sales tallied by the Oscar-winning filmmaker’s own Titanic.

If that wasn’t enough (and it never is in Tinseltown), Fox’s FX cable network has reportedly paid upward of $25 million for the TV rights to Avatar, which will premiere in 2012. And that makes Cameron’s blue folk even more green.