NEW YORK (CBSNewYork/AP) — “The Phantom of the Opera” is making musical history on Broadway.

The production is celebrating its 10,000th performance Saturday in New York City’s storied theater district.

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The New York Times reports that 2011 was the show’s highest-earning year. The newspaper says the show made a record $1.5 million in its best week last year, in December, and has made $845 million overall.

The Andrew Lloyd Webber musical opened on Broadway on Jan. 26, 1988.

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It is an adaptation of the French novel by Gaston Leroux.

The historic performance at the Majestic Theater included a giant cake and special curtain call.

Did you see the Phantom? Sound off in our comments section below…

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