I have purchased the Milestone/Image 2-disc set and love it, but the version I am most familiar with is neither the 1925 original nor the '29 re-issue included here. A previous DVD release was closer to what I remember having on 8mm from, I believe, Blackhawk Films. In it, directly after the titles and credits, there is an odd sequence featuring someone holding a lantern in the catacombs beneath the opera house, while the phantom's shadow passes by twice behind him. From there we cut to an exterior establishing shot of the Opera House, etc. But what is this third edition of which I speak? Mr. McCart? Anyone?