Steven Spielberg has announced that he is selling his ?120 million, 282ft mega yacht The Seven Seas? because it?s just too small.

He?s actually having a new boat built, for ?160 million.

Rumors are out saying that the yacht will be just 18ft longer at 300ft, a friend said: ?Steven didn?t realize how much he?d enjoy cruising the ocean. Now he?d like to spend more time exploring the seas, and bring a few friends along for the ride. So he?s upgrading to a bigger yacht.?

We can?t wait to see the new yacht, do you think he?s going to call it ?Titanic??