‘Frozen,’ one of Disney’s biggest movies ever, is still red hot
“Frozen” is turning out to be one of Disney’s biggest money-making juggernauts.
It is already the highest grossing animated movie of all time, raking in $1.19 billion in box office sales from around the world since its Thanksgiving release.
It’s on track to be the fifth highest grossing movie of all time and is already Disney’s biggest selling digital and Blu-ray release.
The movie has also scored big awards, including Disney’s first “animated movie” Oscar win, while “Let it Go” won best song.
It’s no wonder, plans for the movie are big. Next stop for “Frozen”? Broadway.
“We’re developing a Broadway show,” Disney CEO Bob Iger said last week, after reporting a 27% surge in quarterly profit, thanks to “Frozen.” It will join other powerhouse Disney Broadway shows “The Lion King” and “Aladdin.”
Popular characters Elsa and Anna will soon start appearing in Disney’s theme parks and Iger hinted that story books, videos and Interactive games are also in the works.
“I think this is going to be … well beyond what we ever even imagined,” Iger said.
Merchandise sales from the characters are expected to top $1 billion this year, according to numbers crunched by Wall Street firm FBR Capital Markets.
“The magic of movies comes in big swings. Disney hit a grand slam with this one,” said FBR’s Barton Crockett.
Already, Elsa dresses have been selling out and people were bidding as high as $1,000 on EBay.
This is just the beginning for the franchise. Disney is planning a sequel in 2018.