‘Frozen’ Likely to Turn a Billion-Dollar Profit
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Walt Disney Animation Studios is about to reign again as the king of animated films, thanks to a movie released more than 90 years after Walt Disney made his first cartoon.
The studio’s smash “Frozen” has generated $1.01 billion in global ticket sales since Nov. 22. Opening today in Japan, its last major market, the film could push past “Toy Story 3” to become the top-grossing animated feature of all time.
That puts the turnaround that began at the Walt Disney Co. unit with 2010’s “Tangled” into full bore. After creating the genre, Disney Animation for years went astray, its pictures overshadowed by hits from rivals like Pixar Animation Studios. Disney bought Pixar in 2006 and appointed its top officers, Ed Catmull and John Lasseter, to also oversee Disney Animation. With “Frozen,” the studio that introduced Mickey Mouse with “Steamboat Willie” in 1928 has cemented its comeback.
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