TheLilo & Stitchlive-action movie has officially passed the coveted $1 billion milestone at the box office. The film opened over Memorial Day weekend, whereit beat out the first weekend sales ofMission: Impossible - The Final Reckoningby a long shot. Even as competitors have been released in theaters,Lilo & Stitchhas stayed strong.

This has represented a big turnaround when it comes toDisney’s live-action adaptationsthis year. In March, the studio put outSnow White. Not only was that movie poorly received by critics, but it struggled at the box office, setting the company off on a rocky path.

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As perDeadline,Lilo & Stitchhas now crossed the $1 billion mark. With the recent numbers collected, the film is reportedly at $1.001 billion. This is split between $416.2 million domestically and $584.8 million in international markets.

What This Means For Lilo & Stitch

It Is The First Hollywood Movie To Make $1 Billion This Year

With this milestone,Lilo & Stitchhas become the first Hollywood movie this year to cross $1 billion. One other film crossed that mark this year, but this was theChina-produced animated filmNe Zha 2. As such, this marks an important moment not only for the movie itself, but for Hollywood’s box office year.

This is especially true because it may be a while before Hollywood sees another $1 billion film.Jurassic World: Rebirthis doing fairly well so far, with a $544.2 million overall gross to date. Its domestic opening, however, was far less than that ofJurassic World Dominion, potentially indicating lower overall box office returns.

This comparison further solidifies just how popularLilo & Stitchwas. While it had a built-in audience from the animated movie and series, it was not established as a live-action franchise. Even so,it has done better than IPs such asMission: ImpossibleandJurassic World, showing how strong it is.

Additionally,the milestone comes not long afterDisney confirmed the development ofLilo & Stitch 2. This update makes sense as the live-action remake was already on its way to $1 billion, becoming the first film under their banner to do so in a while. This milestone would only further push the sequel developments, especially given how popular the IP is as a whole.

Our Take On The Lilo & Stitch Box Office

More Live-Action Remakes Are Coming

Disney has done these kinds of numbers before with their live-action remake content, but it has been a while.Lilo & Stitchproved what the company can do when it comes to these adaptations. For that matter,How to Train Your Dragonalso showed just how successful a well-made live-action remake can be.

Not only does this let Disney breathe easily aslive-actionMoanacomes down the pipeline, but it also means that more live-action films are on their way. Some audiences might bemoan these upcoming movies, but I still thinkLilo & Stitchserves as a hopeful sign of their potential quality. With $1 billion in their pockets, Disney should have the resources to make the sequel just as good.