The theatergoing audience has been slow to return after the pandemic lockdown, and the show hasn’t been selling well enough to defray its running costs.
“The Phantom of the Opera,” the longest-running show in Broadway history and, for many, a symbol of musical theater, will drop its famous chandelier for the last time in February, becoming the latest show to fall victim to the drop-off in audiences since the pandemic hit.
The closing is at once long-expected — no show runs forever, and this one’s grosses have been softening — but also startling, because “Phantom” had come to seem like a permanent part of the Broadway landscape, a period piece and a tourist magnet that stood apart from the vicissitudes of the commercial theater marketplace.
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