Last year, Marvel Studios capped off an unprecedented run of success with Avengers: Endgame, a movie promoted as the culmination of over 10 years of storytelling. The film made $2.8 billion, unseating 2009’s Avatar and knocking 1997’s Titanic down to third place. With nearly $3 billion in ticket sales, you would think Endgame would count as the most successful entertainment production of all time—be it a single movie, book, album, or video game.
While it earned a staggering amount of money, Endgame is hobbled by the fact that theatrical runs last just a few weeks or months. To really roll in the dough, it helps to have a combination of high ticket prices and a show that runs almost in perpetuity. That’s why it’s another Disney production, the Broadway adaption of The Lion King, that can make a credible claim to being the most financially rewarding entertainment effort of all time. Since debuting in 1997, the stage show has grossed $9.1 billion. (The 1994 film, 2019 live action remake, and merchandising aren’t included in that total. If they were, the number rises to $11.6 billion.)
The musical, adapted by Julie Taymor, follows the story of the animated original, with lion cub Simba learning to accept his role as king of the Serengeti Plains. It’s estimated the show has been mounted 25 times globally in nine different languages, with more than 100 million people purchasing a ticket to see it.
Does that make Endgame a distant second? Not quite. Another long-running musical, Andrew Lloyd Webber’s Phantom of the Opera, has grossed more than $6 billion since its 1988 debut. The 2013 video game Grand Theft Auto 5 cleared $6 billion in 2018. And if one were to account for inflation, 1939’s Gone with the Wind made $3.44 billion.
The Lion King does have one asterisk, however. If inflation is taken into consideration, then 1978’s arcade classic Space Invaders comes out the winner. The popular coin-op game—which was later ported over to the Atari 2600—was a smash hit. By 1983, it had made $3.8 billion. Accounting for inflation, it earned $13.9 billion. What’s even more impressive is that unlike big-ticket movies and stage shows, Space Invaders did it one quarter at a time.