Crossword Genius

Craft movie hit I can’t rent around (3,7)

Ross

I believe the answer is:

the titanic

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'craft movie hit i can't rent around' is the definition.
I can't tell whether this defines the answer.

'movie hit i can't rent around' is the wordplay.
'movie' becomes 'ET'.
'rent' indicates an anagram (rent can mean torn or damaged).
'around' indicates putting letters inside.
'hit'+'i'+'cant'='hiticant'
'hiticant' is an anagram of 'thitanic'.
'et' put within 'thitanic' is 'THE TITANIC'.

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I've seen this clue in The Times.
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