Phantom is a musical with music and lyrics by Maury Yeston and a book byArthur Kopit.[2] Based on Gaston Leroux's 1910 novel The Phantom of the Opera, the musical was first presented in Houston, Texas in 1991. Altho ugh it has never appeared on Broadway and has been overshadowed by the success of the 1986 Andrew Lloyd Webber musical, Yeston and Kopit's Phantom has received over 1,000 productions.