Broadway just had a record-setting year, with a total box office gross of $1.36 billion and a total attendance of 13.1 million.
And the Great White Way should be thanking some of its longest-running residents for those high numbers.
And "The Phantom of the Opera" pulled in just over $1 million, selling 98 percent of its available tickets for the year.
Not too shabby when you take into account that the average price for "Phantom" tickets was about $65 cheaper than those for "The Lion King."
But this means these veteran shows are still able to pull in massive audiences each night. "The Lion King" has been on Broadway since November 1997, making it the fourth-longest running show ever after 17 years.
And "Phantom" holds the coveted title of the longest-running Broadway show ever after 27 straight years of performances.
Both shows have been incredibly successful on the awards circuits, as well, with 70 awards each under their belts. Both have won the Tony for Best Musical, and "The Lion King" has the distinction of having the first female director ever to win the Tony for Best Direction of a Musical.
And it also helps that thanks to movie adaptations, these two stories are household names to tourists from all over the world.
And the 2004 version of "The Phantom of the Opera" starring Gerard Butler and Emmy Rossum was nominated for several Golden Globes and Academy Awards.
Just goes to show you that oftentimes the oldies are the goodies.