) -- Who says 3D is dead?

The Lion King 3D

has generated $62 million since its debut, topping the box office charts for the second weekend in a row.

As a result,

Walt Disney

(DIS) - Get Walt Disney Company Report

plans to extend the run of the film, which was originally slated for just two weeks in theaters. The details are still being determined.

The re-release of

The Lion King

will also be made available next week on Blu-ray and DVD.

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"This is higher than many other original films and will be highly profitable for Walt Disney, as we estimate the 3D conversion cost is less than $10 million," Janney Capital Markets analyst Tony Wible wrote in a note. "The success will encourage more studios to invest in 3D and shows that the decline in some 3D films is likely tied to a discerning consumer rather than a dying fad."


Written by Jeannie Poggi in New York


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