After 35 years, The Phantom of the Opera, Broadway’s longest-running musical on Broadway, will be closing its doors.
A spokesperson stated that the musical, which has been a landmark fixture since 1988 will be its last performance on February 18, 2023.
It is the largest victim of New York’s post-pandemic cooling in theatre attendance – it happened less than a month following its 35th anniversary.
Despite the fact that it has survived recessions, wars and cultural shifts in the past, the musical is still very expensive to maintain with its elaborate costumes and large cast.
Since the pandemic, the show’s box-office grosses fluctuated. They went up to over $1m (PS876,000 per week), but then dropped to $850,000 (PS744,600).
Producers may have seen the signs for the future after the price reached $867,997 (PS760.365) last week.
Andrew Lloyd Webber’s musical tells the story of a mad composer who haunts Paris Opera House and falls madly for a young, innocent soprano named Christine.
Based on Gaston Leroux’s novel, it features many of the most popular musical songs, including Masquerade and Angel Of Music, All I Ask You, The Music Of The Night, and Masquerade.
Cameron Mackintosh, producer, stated in a statement that “As a producer, you dream that a series will run forever.” My production of Andrew’s Cats proudly displayed the Forever and Now motto for decades.
“Yet Phantom has outperformed that show’s Broadway run. All shows eventually close.”
The show was first performed in London in 1986. It has been seen more than 145,000,000 times in 183 cities.
It has been seen by more than 135,000 people to 19,000,000 at The Majestic Theatre, Broadway.
The closing of Phantom means Chicago will now hold the title for longest-running show. It opened its doors in 1996. The Lion King began performances in 1997.
Broadway was hit hard by the pandemic because of repeated lockdowns that saw all theatres close for 18 months or more.
While some of the most beloved shows, such as Hamilton, The Lion King, and Wicked, have seen success, others seem to have not.
Phantom is still seeing steady tourist flow to the city, but it has not returned to pre-pandemic levels. This could explain why Phantom has struggled with breaking even.