The Broadway show Hamilton has surpassed the $1bn mark due to ticket sales in New York and the sale of The Hamilton Movie rights to Disney for $75m.

The Tony Award-winning hip-hop musical joined the billion-dollar club after announcing it would release the film on Disney+ on July 3, four months ahead of schedule.

Ticket sales in Broadway have so far accounted for $649.9m of its total revenue, according to the Broadway League, while US touring in Los Angeles, Chicago, West Palm Beach, Dallas and elsewhere totalled $167.2m, making it the sixth highest grossing musical.

Broadway tickets for the show cost between $149 and as much as $2,200 a seat in the resale market.

For the Lin-Manuel Miranda production, the extended run in London’s West End sold another $38.6m worth of tickets, based on a Forbes analysis of average ticket prices.

Bob Iger, Disney’s executive chairman, said: “No other artistic work in the last decade has had the cultural impact of Hamilton – an inspiring and captivating tale told and performed in a powerfully creative way.

“In light of the extraordinary challenges facing our world, this story about leadership, tenacity, hope, love and the power of people to unite against the forces of adversity is both relevant and impactful.”