From Variety:

Andrew Lloyd Webber is talking up his long-gestating sequel to legit juggernaut “The Phantom of the Opera,” telling the London press he’s hoping for a late 2009 preem for three productions bowing simultaneously on Broadway, on the West End and in an Asian market such as Shanghai.

Called “Phantom: Love Never Dies,” the much-discussed project follows the Parisian Phantom to Coney Island, where he reunites with soprano Christine about ten years after the events of the original tale. With music by Lloyd Webber and lyrics by Glenn Slater, show will be helmed by Jack O’Brien (“Hairspray,” “The Coast of Utopia”) with sets by Bob Crowley (“Mary Poppins,” “Coast”).

Unlike the plot of “Phantom,” which is taken from the 1909 novel by Gaston Leroux, the storyline for “Love Never Dies” is entirely new, with contributions from Lloyd Webber, Slater and O’Brien.

Specific details of the production timeline have not been confirmed, and Rialto real estate has not yet been announced for the brewing production.