NEW YORK CITY, New York: Following a sharp decline in ticket sales, even after the re-opening of New York theaters following the COVID-19 pandemic lockdown, the Phantom of the Opera, the longest-running show on Broadway, will close on 18th February, 2023.
Since its debut in 1988, Andrew Lloyd Webber's musical, which is based on the classic novel by Gaston Leroux, has been a Broadway staple, winning over 70 major theater awards and witnessing 13,733 performances.
However, the show is now losing $1 million a month, according to the New York Post.
In January, Emilie Kouatchou was cast as the show's first Black American actress to portray the lead role of Christine, a decision that broke racial barriers and made Broadway history.
Broadway legends, including Michael Crawford, who was the first to play the Phantom, Sarah Brightman and Judy Kaye, were also cast in leading roles in the show.