The Phantom of the Opera (1925/1998)

Directed by Rupert Julian

IMDb
Wikipedia
Chicago Reader (Dave Kehr)
Chicago Reader (J.R. Jones)

Purchase the Kino Lorber Blu-ray Disc from Amazon
Purchase the Kino Lorber DVD or Blu-ray Disc from Kino Lorber
Purchase the Alpha Video DVD from Amazon
Purchase the Alpha Video DVD from oldies.com