Andrew Lloyd Webber's Phantom of the Opera will be ending its 34-year run on broadway.

"All shows do finally close, and after considerable discussion between The Shuberts, The Really Useful Group, Andrew and myself, we concluded that the right time for Phantom was after the show's 35th birthday on February 18 — a double celebration of Phantom's phenomenal success," producer Cameron Mackintosh said in a statement.

Phantom of the Opera first opened on Broadway's Majestic Theatre in January 1988.