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Will there be a movie sequel made to the 2004 Phantom of the Opera?

April 26, 2017movie Opera Phantom sequel

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Will there be a movie sequel made to the 2004 Phantom of the Opera?

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With the way the 2004 version, with Gerard Butler as the Phantom ended, I doubt it, because a main character died at the very end, and without them they couldn’t or shouldn’t have a reason to make a sequel.