Elphaba and Glinda continue to make magic on Broadway. “Wizard of Oz” prequel “Wicked” crossed the $1 billion benchmark last March in record time, and after raking in just short of $2 million in the week ending July 9, it has overtaken “The Phantom of the Opera” to become the second-highest-grossing Broadway show ever, Playbill reports. “The Lion King,” directed by Julie Taymor, retains the top spot.

“Wicked” is an adaptation of Gregory Maguire’s best-selling novel, which tells the story of the Wicked Witch of the West from the perspective of the Witch, here named Elphaba. The musical chronicles the complicated friendship between Elphaba and Glinda, the Good Witch. Maguire based the novel on the 1939 film adaptation “The Wizard of Oz,” and L. Frank Baum’s original Oz books.

“My So-Called Life” creator Winnie Holzman wrote the book for “Wicked,” for which she received a Tony Award nomination and a Drama Desk Award. The show launched in October 2003 at the Gershwin Theatre, and was nominated for 10 Tony Awards and won three. The production launched the careers of Idina Menzel (“Frozen”) and Kristin Chenoweth (“Glee”), and was such a big hit that it recouped its $14 million investment in a little over a year.

Thus far, “Wicked” has grossed approximately $1.12 billion. “The Lion King” is Broadway’s third longest-running show and has taken in $1.38 billion.