Disney is back on the animation map after their latest project, 'Frozen,' wins an Oscar for Best Animated Feature at the 86th Academy-Awards. This marks the first time Walt Disney's entertainemnt company has been honored with this prize since it was created back in 2001. 

'Frozen' has proved to be hugely successful since its release

The retelling of Hans Christian Andersen's fairy tale, The Snow Queen, follows 'Princess Anna' (Bell), the future Queen of Arendelle, along with mountain man 'Kristoff' (Groff) races against time to prevent her sister, 'Elsa' (Menzel), from unwittingly turning the kingdom into an eternally icy realm, along the way 'Anna' meets new friends and learns vital life lessons.

Since its release last November, 'Frozen' has been heavily praised by critics:

"In a year of weak animated features, Frozen - loosely based on "The Snow Queen" - takes the lead by default," said Peter Travers of Rolling Stone.

"Frozen is one of the few recent films to capture that classic Disney spirit," said Vulture.

Watch the 'Frozen' trailer here

"Make way for a new kind of fairy tale. These Frozen princesses are the kind we can definitely warm to," wrote the Toronto Star.

"Most importantly, this is a long-needed step in the right direction to a more varied depiction of female characters in Disney's canon," said AV Club.

"Frozen is a fine addition to Disney's animated pantheon, offering a witty and heartfelt princess fairly tale with creative musical elements and visual panache," wrote Screen Rant.

Disney's Academy-Award winning film has earned $388 million in domestic ticket sales, and $1.2 billion at the global box office, accoridng to Box Office Mojo.

This marks Disney's first win ever in this category