'Losing $1 Million a Month': Broadway's Longest-Running Show Is ClosingThe Phantom of the Opera will take its final curtain call in February 2023.

ByJonathan Small

After nearly 35 years of delighting audiences on Broadway,The Phantom of the Operais closing. The final performance will take place on February 18, when the masked Phantom and the famed falling chandelier will make their last appearance—at least in New York.

The show opened in New York in 1988 and has had the longest run in Broadway history. It was also the most profitable for decades untilThe Lion Kingroared into town and took that crown.

The Phantom of the Operahas earned $1.30 billion during its impressive Broadway run,according to the Broadway League, and has played an astonishing 13,733 performances with over 19 million tickets sold. Three musical theater legends created it: composer Andrew Lloyd Webber, director Hal Prince, and producer Cameron Mackintosh.

As soon asPhantom of the Operahit the stage in the 1980s,fans and critics couldn't get enough. The usually stuffyNew York Timestheatercritic Frank Rich wrote:

"Only a terminal prig would let the avalanche of pre-opening publicity poison his enjoyment of this show, which usually wants nothing more than to shower the audience with fantasy and fun, and which often succeeds, at any price."

但是这个节目has "struggled to recover since it reopened in October 2021 following the pandemic closure, and is losing some $1 million a month,"reports The New York Post.A healthy show grosses around $3 million a week, but Phantom only brought in $800,000.

Twitter has responded with an outpouring of sadness and humor.

Jonathan Small

Entrepreneur Staff

Editor in Chief of Green Entrepreneur

Jonathan Small is editor-in-chief ofGreen Entrepreneur, a vertical from Entrepreneur Media focused on the intersection of sustainability and business. He is also an award-winning journalist, producer, and podcast host of the upcoming True Crime series, Dirty Money, andWrite About Nowpodcasts. Jonathan is the founder ofStrike Fire Productions, a premium podcast production company. He had held editing positions atGlamour,Stuff,Fitness, andTwistMagazines. His stories have appeared inThe New York Times, TV Guide,Cosmo,Details, andGood Housekeeping. Previously, Jonathan served as VP of Content for the GSN (the Game Show Network), where he produced original digital video series.

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