'Frozen' Musical Confirmed! Disney CEO 'This Is An Important Event' And 'We Are Demanding Excellence'

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It looks like the will be a "Frozen" musical as confirmed by Disney CEO and chairman Bob Iger.

After winning a Golden Globe for best animated film on Sunday, "Frozen" may one day be competing for a Tony Award with the announcement that it will be turned into a Broadway musical.

Walt Disney CEO and chairman Bob Iger revealed the plans for a "Frozen" musical in an interview with Fortune.

In the interview, released Monday, Bob Iger confirmed for the first time that Disney is in discussions to develop a "Frozen" musical, although he made it clear that no time frame or creative team is yet in place. "We're not demanding speed" Bob Iger told Fortune. "We're demanding excellence."

The development of the franchise was the biggest surprise of the Christmas season, becoming yet another sign that Disney is no longer in the shadow of Pixar.

"If you think long-term about what Disney is and the success and the vitality of the brand, this is a very, very important event," said Iger.

According to the Hollywood Reporter, "Frozen" is already proving that it has the staying power of "Avatar" and "Titanic". "Frozen" has made over $669 million in global box office. The phenomenal success has made it the No. 2 Disney Animation title of all time after The Lion King ($987.5 million) and the No. 4 original animated pic of all time after Lion King, Finding Nemo ($936.7 million) and Up ($731.3 million).

The music of "Frozen" was written by husband-and-wife team Robert Lopez and Kristen Anderson-Lopez. The former is known for his work as composer, lyricist and book writer on Broadway hits "The Book of Mormon" and "Avenue Q", both of which won him Tony Awards. The songwriting couple also are behind the Disney Parks' stage version of "Finding Nemo" at Animal Kingdom.

The soundtrack of "Frozen" stormed into No. 1 on the Billboard 200 thanks to the songs "Let It Go" and "Do You Want to Build a Snowman?" .

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