Guinness World Records can today confirm that Disney’s Frozen has edged past Toy Story 3 to become the highest box office film gross for an animation.

Loosely based on the Hans Christian Anderson fairytale "The Snow Queen", the hit musical which was first released in the US last November has so far earned US$1,072,391,611 (£650,222,000) globally.

Frozen reached its benchmark-setting total last weekend after opening in its final market of Japan.

The figures mean the hit musical has now bettered the box office showing of the previous record holder, Disney/Pixar’s Toy Story 3, which grossed $1.063 billion in 2010.

The film's huge success also now places it as the 10th biggest grossing film in box office history, regardless of genre.

Featuring the voices of Kristen Bell, Idina Menzel, Jonathan Groff, the movie follows the story of a princess who sets off to find her estranged sister, whose ability to turn anything she touches to ice has trapped the kingdom in an eternal winter.

Today’s news comes hot on the heels of the movie’s success at last month’s Oscars, which saw the film pick up two Oscars for best animated feature and best original song for Let It Go.