This would work, but manual truncation would be better (i.e. The Empire Strikes Back and The Wild and Wonderful Whites... would be preferable to the automated truncations.
This won't work as it obscures too much of the tile image.
This, meaning a change in the overall layout, seems to be the solution. a two-line area, vertically centered, could be completely below the tile image and allow room for showtimes, a blurb, and so on.
Star Wars: Episode V - The Empire Strikes Back, for example, is long enough to need a line break. This messes up the display of the movie list page.