What an incredibly bad idea. Why does Phantom of the Opera need a sequel? (For that matter, why did it need a film?)
From Playbill On-Line:
Lloyd Webber will have book and music credit on the Phantom sequel, in which the title character travels with Coney Island around 1900 and is reunited with soprano Christine. The show is not based on source material.
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One of the reported titles of the new project was Phantom in Manhattan. Frederick Forsyth, who wrote a novel called “The Phantom of Manhattan,” was reportedly working with Lloyd Webber on the sequel in its early stages, but that is no longer the case.
Desperate much, Sir Andrew?