“As a producer you dream that a show will run forever,” producer Cameron Mackintosh said in a statement “Indeed, my production of Andrew’s Cats proudly declared for decades ‘Now and Forever.’ Yet Phantom has surpassed that show’s extraordinary Broadway run. 1988 and won the Tony Award for Best Musical that year, would end its 35-year run at the Majestic Theater in on Feb. Producers announced Friday that the Andrew Lloyd Webber musical, which opened on Broadway in Jan. The Phantom of the Opera, the longest-running musical in Broadway’s history, will close in 2023 after 35 years and nearly 14,000 performances.