It's a tale of two Arendelle-based sisters, Elsa and Anna, left orphaned and forced to take care for themselves after their parents died at sea. Each sister makes deeply personal sacrifices in order to maintain their inner circle as they deal with the coldest winter to ever hit their kingdom. And then there's Olaf, the snowman who likes warm hugs. By now, most people recognize the plot details of Disney's box-office blockbuster "Frozen," which raked in nearly $1.3 billion, making it the fifth all-time-highest grossing movie worldwide and the highest grossing animated feature ever. The movie was release in 2013 and, less than a year later, "Frozen" isn't done yet. The smash hit is still breaking records, but in a cooler way—both literally and metaphorically. "'Frozen on Ice' was the ultimate no brainer and its success has just steamrolled," said Nicole Feld in an interview. She is the executive vice-president of Feld Entertainment, the three-generation family business responsible for bringing the animated movie "Frozen" from on-screen to a live entertainment feature on ice. "Kids know every single piece of music and dialogue," she said. "Our goal was to stay true to the heart and soul of the movie but in live space and not animation." Read MoreQueen Elsa dethrones Barbie as top toy

Walt Disney characters Anna and Elsa at the premiere of Frozen. Getty Images

So far, "Frozen on Ice" has been a financial and critical success.

"We opened in September and went on sale in May," said Feld. "In the first week of presale, we sold 700,000 tickets including 240,000 tickets sold in the first day. It's the highest grossing ticket sales that we've ever had." Since 1967 when Feld's grandfather, Irvin bought Ringling Bros. and Barnum & Bailey circus, Feld Entertainment has been producing "The Greatest Show on Earth," and other live-action shows. These include "Disney on Ice," and the "Monster Jam" truck extravaganza. The company's 2013 revenue was estimated at more than $1 billion. With nearly 40 percent of its revenue made from overseas productions, Feld Entertainment's shows are seen in 75 countries, and virtually every continent except Antarctica. Disney Live is translated for each tour, and Feld says the car show "Monster Jam" transcends any language because it thrills on every level. Read More'Frozen' actress paid $926 in blockbuster film

From the circus to Disney on Ice