Disney's 'Frozen' is being turned into a Broadway musical.

The smash hit animated film will follow in the footsteps of Disney's hugely successful movie-turned-musical 'The Lion King' as it will be adapted for the stage, CEO Bob Iger has confirmed.

The media conglomerate has yet to set a firm date for the musical as they are concentrating on getting the project right.

Iger told CNN's Fortune: ''We're not demanding speed. We're demanding excellence.

''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.''

'Frozen' has been a huge global success both critically and at the box office where it grossed over $700 million worldwide. The film has become Disney's second highest-grossing non-Pixar movie after 'The Lion King'.

The animated hit - which featured the voices of Kristen Bell, Idina Menzel, Jonathan Groff and Josh Gad - has also spawned a hugely successful soundtrack, which topped the US album chart last week.

The movie's signature song, 'Let It Go', sung by Menzel, received critical acclaim and was nominated for a Golden Globe.

'Frozen' won the Golden Globe for Best Animated Picture and is a strong contender going into the Academy Awards.