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'Frozen' to Break Record For Highest-Grossing Animated Movie in 2014

Image: 'Frozen' to Break Record For Highest-Grossing Animated Movie in 2014

By Michael Mullins   |   Thursday, 20 Mar 2014 09:20 AM

In 2014, the Disney movie "Frozen" will likely become the No. 1 animated movie of all time, as it inches closer to breaking "Toy Story 3's" record of $1.06 billion.

To date, "Frozen" has generated a staggering $1.03 billion at the box office since its Nov. 27 release. The wildly popular movie also broke DVD sales records before the DVD was even made available, The Wall Street Journal reported, citing an Amazon.com announcement.

On Wednesday, Disney reported that its first-day sales of "Frozen" Blu-ray discs and DVDs totaled 3.2 million units, including pre-sales, The Journal noted.

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"Disney Animation is on the rise," Tom McLean, editor of Animation magazine, told the New York Post. "'The Lion King' was the last renaissance they had. People have been talking about Pixar and the disappointment in them."

Pixar Animation Studios is a California-based computer animation film studio formerly led by Apple's Steve Jobs and known for its CGI-animated feature films. In 2006, Pixar was purchased by Disney for $7.4 billion. Both Pixar and Walt Disney Animation Studios, which dates back to 1923, are run by John Lasseter, the New York Post noted.

Walt Disney Company Chairman and CEO Bob Iger relayed the positive news during the company's annual shareholder meeting on Tuesday.

"Fiscal 2013 was our third consecutive year of record results," Iger told shareholders, according to a Disney press release. "We increased revenue by 7 percent to a record $45 billion, which led to a record $6.1 billion in net income, up 8 percent over the year before."

"These results drove total shareholder return of 27 percent for the year, compared to 20 percent for the S&P 500," Iger added. "And over the last five years, we’ve delivered total shareholder return of 113 percent, which is more than double the return generated by the S&P 500 for the same period."

Disney's stock price has risen 5.4 percent since the start of 2014, Bloomberg News noted.

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