Alternate versions

In 2012 it was determined that an "accidental 3-D" version of the film existed. From an examination of various prints of the film, it was discovered that most - if not all - of the original film was shot using two cameras placed side-by-side. This was most likely done to create simultaneous master and safety/domestic and foreign negatives of the film. However, when synched together and anaglyph color-tinted, the spatial distance between the two simultaneous film strips translates into an effective 3-D film. Under the working title of LA FANTOME 3D, a fund-raising effort is under way to locate and restore (create) a full "accidental 3-D" version of the film.

A 1993 Video Treasures VHS of the film features a version with a completely new score by Rick Wakeman of Yes fame.

The 1995 Kino Video version contains an original score composed by Gabriel Thibaudoux, and includes an operatic solo by soprano Claudine Cote.

Kevin Brownlow of Photoplay Productions finished a complete restoration of the 1920 original edit in 1996 for Channel 4, and was subsequently released on DVD as The Phantom of the Opera: The Ultimate Edition by Milestone Film & Video / Image Entertainment with an original score by renowned composer Carl Davis. The Kino Company later re-released the a 1930 re-edited version with further restoration by Richard Lloyd (1999); transfer from D1 supervised by Kevin Phelan (Digital Film at The Moving Picture Company).

Also available in a computer colorized version.

The original cut featured extra scenes between Christine and Raoul (one just after the Phantom starts visiting her and an epilogue, both in a garden), and much of the business between the owners of the opera house changing hands and the first few murders are sequences that appear to have been switched for the 1929 recut.

The Navarre DVD release (US) runs 107 minutes.

Universal reedited the film and added a musical score for a reissue in 1930 with talking sequences and a superfluous prologue.