huskcharmer - Wizard of Oz franchise higher grossing than PETER PAN? I doubt it.
PETER PAN has had ongoing stage productions since 1904. For over 100 years, there has ALWAYS been a production of PETER PAN playing somewhere in the world on a stage.
While THE WIZARD OF OZ (and if you want to count WICKED then include that, too) are also enormous successes, that story is most successful in the United States. It's safe to say that PETER PAN has the largest gross of any franchise not only because it's been around for over 100 years, but also because it is internationally beloved (and performed!).
"The Spectacle has, indeed, an emotional attraction of its own, but, of all the parts, it is the least artistic, and connected least with the art of poetry. For the power of Tragedy, we may be sure, is felt even apart from representation and actors. Besides, the production of spectacular effects depends more on the art of the stage machinist than on that of the poet."
--Aristotle