A new king reigns on Broadway.
Revenue figures indicate that The Lion King has snatched the title of Broadway's all-time highest grossing show from The Phantom Of The Opera.
The cumulative gross for The Lion King is now $853.8 million since its opening in 1997. The total for Phantom is $853.1.
What makes the achievement all the more remarkable is that The Lion King grabbed the title despite Phantom having almost a full 10 years' head start.
The victory is due in large part to its higher average ticket prices and a slightly larger theatre.
Phantom, now in its 24th year, is still the longest-running show.