The Phantom of the Opera (1925): I've wanted to see a version of this story, and this one has come up as one of the better versions. Also features Lon Chaney Sr., whom I haven't seen before. The movie wastes no time in setting up the Phantom character. What strikes me is the film's use of light and shadow in setting the mood and its use in some scenes like having the Phantom seen in shadow, or flickering lights during an opera performance. The makeup is good too, and you see it relatively early on. I don't think PotO is that great a story, but it's a well-made movie.