Disney's Frozen Reels in $1.19bn in Global Ticket Sales

Walt Disney's Frozen has reeled in $1.19bn for the media company and is on track for becoming one of the highest grossing films of all time.

Global ticket sales for the animated children's film, which is about two royal sisters in an icy kingdom, is now one of Disney's biggest franchises and will top the charts as one of the world's highest grossing movies ever.

"This is definitely up there in terms of our top, probably, five franchises," said Disney CEO Bob Iger.

"So you can expect us to take full advantage of that over the next at least five years."

Last week, Disney revealed that Frozen sent profits soaring in the first quarter of 2014 after the animated blockbuster caused a quadrupling of the media company's operating income.

Disney said that Frozen was the main driver behind its operating income rising to $475m (£280m, €341m), from $118m the year before, following a huge uptake in home video sales as well as cinema viewings.

"The passion for this film and these characters is so extraordinary, so well beyond what we've ever imagined, that it would be hard to believe that it wouldn't sustain itself over a fairly long period of time," said Iger at the time.

Overall, Disney unveiled an increase in net income for the first quarter this year, reaching $1.9bn, from $1.5bn from the previous year.

Adjusted earnings also reached $1.11 per share, from 79 cents per share a year ago.

Meanwhile, despite lower ratings from its ABC network, operating earnings at its TV operations jumped 15%.