I've looked at Disney's online park schedule and it shows Spectromagic being at the same time as park closing as well as 2 hours before closing (i.e. 9pm and 11pm). Do they really have 2 Spectromagic parades on the same night during the busy season with one at closing time?
If yes, do the entrance to the rides close at park closing time but the rides continue to operate until the lines are empty?

If yes, do the entrance to the rides close at park closing time but the rides continue to operate until the lines are empty?