Disney's 'Lilo & Stitch' Surpasses $1 Billion

Walt Disney Co.'s live-action film 'Lilo & Stitch' has now grossed over $1 billion at the global box office, making it the first American film of the year to achieve this milestone.

The film, based on the 2002 animated movie of the same name, generated $416.2 million in the U.S. and Canada, and an additional $584.8 million internationally. It is Disney's highest-grossing live-action film in Mexico, where it earned $67 million.

Alan Bergman, co-chairman of Disney Entertainment, stated that they are proud of how this new film has connected with audiences worldwide. Disney has already announced that the development of a 'Lilo & Stitch' sequel is underway.

The film was released on May 23 and grossed $183 million domestically during its opening weekend.

Sales of Stitch-themed merchandise totaled approximately $2.6 billion last year.

Globally, the year's biggest film remains 'Ne Zha 2', a Chinese animated production that grossed over $2 billion in ticket sales.