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Charles Sykes, File, Associated Press
FILE - In this Jan. 19, 2012 file photo, the Majestic Theatre and the marquee for "The Phantom of the Opera" are seen in New York. Box office revenues show that "The Lion King" has recently swiped the title of Broadway's all-time highest grossing show from "The Phantom of the Opera."

NEW YORK — Very quietly, almost stealthily, a new king has been inaugurated on Broadway.

Revenue figures indicate that "The Lion King" has swiped the title of Broadway's all-time highest grossing show from "The Phantom of the Opera."

As of Monday, the cumulative gross for "The Lion King" was $853,846,062. Its chandelier-swinging musical's cumulative total was $853,122,847.

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 upstart's victory is due in large part to its higher average ticket prices and a slightly larger theater.

To be sure, "Phantom," now in its 24th year, is still the longest-running show in Broadway history. But the Broadway box office crown has been passed to a new pup.