Box Office Milestone: 'Frozen' Becomes No. 1 Animated Film of All Time

Loosely adapted from a Hans Christian Andersen story called "The Snow Queen," it tells the story of two sisters. Inhabiting the fictional kingdom of Arendelle, Elsa is next in line to become the queen, while her sister, Anna, is more of a fun-loving free spirit. Here's the twist. Elsa is what they call a cryokinetic, which means she's able to unleash icy blasts from her fingertips anytime she gets either nervous, anxious or angry. Due to this gift/curse, Elsa accidentally causes Arendelle to enter into an eternal state of winter. Whoops. Cryokinetics are so careless sometimes.

UPDATED: The Oscar-winning animated tentpole moves up to No. 10 on the list of biggest global blockbusters and should soon overtake "The Dark Knight Rises."

Disney's Oscar-winning Frozen has become the top-grossing animated film of all time, surpassing the $1.063 billion earned by fellow Disney/Pixar title Toy Story 3.

Frozen now occupies the No. 10 spot on the list of the biggest global blockbusters and is the first billion-dollar title from Disney Animation Studios, as well as the seventh from Disney. It has earned $398.4 million domestically and $674 million internationally for a total $1.072 billion.

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The 3D animated tentpole passed up Toy Story 3 over the weekend, thanks to a strong run in Japan -- its final market -- and more than four months after it was released in theaters in the U.S. The film has grossed $50.5 million so far in Japan. It also passed up Disney's live-action Pirates of the Caribbean: Dead Man's Chest ($1.66 billion).

Frozen now takes aim at The Dark Knight Rises, which amassed $1.084 billion worldwide.

Internationally, Frozen is the biggest Disney or Pixar animated film of all time in 27 territories, including Russia, China and Brazil.

The film, directed by Chris Buck and Jennifer Lee, claimed the best animated film Oscar at this year's Academy Awards.