I saw a documentary about the history of toy boats once. Turns out there were toy Titanics being made and sold after the sinking. I once almost bought a 1997 toy that was paired with a Titanic book. Flip a switch on the bottom and it breaks up and sinks. IIRC, it was marketed as an educational toy. They fetch a lot on Ebay now.

I would find the animated Titanic way more offensive than a generic ship sinking water slide. (Except it's so awful, it cries out for the MST3K treatment.) Not only does it rip off Cameron's version, but everybody survives the sinking.