Previously, Disney's recent hit Frozen was the top-grossing animated film of all time.
The Lion King has become the biggest Disney animated film worldwide.
The photorealistic remake of the 1994 classic The Lion King has also overtaken Frozen to become the highest-grossing animated film of all time.
According to box office collections shared by Box Office Mojo, The Lion King projected a collection of a $1.3 billion approximately at the worldwide front.
The debate over whether The Lion King is live-action or animated has been going on for months, and it seems Disney is still refusing to say it's an animated movie.
Jon Favreau's remake has surged passed Jurassic World: Fallen Kingdom ($1.309 billion), Star Wars: The Last Jedi ($1.332 billion) and is on its way to beat Harry Potter and the Deathly Hallows Part II ($1.341 billion).
He also said that calling The Lion King an animated movie is 'misleading as far as what the expectations might be'.
Box office analysts Exhibitor Relations tweeted on Sunday that Disney viewed The Lion King's total as passing a much different record.
The Lion King earned $473.1 million in the United States while it collected a whopping $861.5 million overseas. The consensus reads, "While it can take pride in its visual achievements, The Lion King is a by-the-numbers retelling that lacks the energy and heart that made the original so beloved-though for some fans that may just be enough".
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