"People" critic David Hiltbrand gave the film a score of B+ and said "Director Tony Richardson has mounted a sumptuous, stately version of this oft-told epic melodrama, far surpassing the previous TV version with Maximilian Schell and Jane Seymour in 1983. But Lon Chaney must be spinning in his grave, seeing what a rakish romantic his ghoulish Phantom has become over the years." Hiltbrand praised that Burt Lancaster "lends his usual air of refined dignity, and Charles Dance makes an elegant Phantom. But the real zest is provided by Ian Richardson and Andrea Ferreol, who bring great comic verve to the roles of the pompous popinjay of an opera director and his deluded diva of a wife."