Deforme de nacimiento, un hombre amargado conocido únicamente como el Fantasma vive en las alcantarillas debajo del teatro de la Ópera de París. Se enamora de la solitaria cantante del coro Christine, y en secreto la coge bajo su tutela mientras aterroriza al resto de la gente de la ópera y demanda que a Christine le den papeles protagonistas. Las cosas van a peor cuando Christine se reencuentra con un conocido de su infancia, Raoul, y ambos se enamoran.
Prologue — Andrew Lloyd Webber
Think of Me — Andrew Lloyd Webber & Emmy Rossum & Patrick Wilson
Overture / Hannibal — Andrew Lloyd Webber & Victor McGuire
The Phantom of the Opera — Andrew Lloyd Webber & Gerard Butler & Emmy Rossum
Angel of Music — Andrew Lloyd Webber & Gerard Butler & Jennifer Ellison & Emmy Rossum
Little Lotte / The Mirror (Angel of Music) — Andrew Lloyd Webber & Gerard Butler & Emmy Rossum
I Remember / Stranger Than You Dreamt It — Andrew Lloyd Webber & Gerard Butler & Emmy Rossum
The Music of the Night — Andrew Lloyd Webber & Gerard Butler
Poor Fool, He Makes Me Laugh — Andrew Lloyd Webber & Cast of "The Phantom of the Opera" Motion Picture
All I Ask of You (Reprise) — Andrew Lloyd Webber & Gerard Butler & Patrick Wilson & Emmy Rossum
Why Have You Brought Me Here? / Raoul I've Been There — Andrew Lloyd Webber & Patrick Wilson & Emmy Rossum & Gerard Butler
All I Ask of You — Andrew Lloyd Webber & Patrick Wilson & Emmy Rossum
Journey To the Cemetery — Andrew Lloyd Webber & Emmy Rossum
Wishing You Were Somehow Here Again — Andrew Lloyd Webber & Emmy Rossum
Masquerade / Why So Silent? — Andrew Lloyd Webber & Cast of "The Phantom of the Opera" Motion Picture
The Swordfight — Andrew Lloyd Webber & Gerard Butler & Patrick Wilson & Emmy Rossum
We Have All Been Blind — Andrew Lloyd Webber & Patrick Wilson & Simon Callow & Ciarán Hinds
Don Juan — Andrew Lloyd Webber & Victor McGuire
The Point of No Return / Chandelier Crash — Andrew Lloyd Webber & Gerard Butler & Emmy Rossum
Wandering Child — Andrew Lloyd Webber & Gerard Butler & Emmy Rossum
Magical Lasso — Andrew Lloyd Webber & Kevin McNally & Jennifer Ellison & Miranda Richardson
Learn To Be Lonely — Andrew Lloyd Webber & Minnie Driver
Down Once More / Track Down This Murderer — Andrew Lloyd Webber & Gerard Butler & Patrick Wilson & Emmy Rossum
Madame Giry's Tale / The Fairground — Andrew Lloyd Webber & Patrick Wilson & Miranda Richardson
Notes? / Prima Donna — Andrew Lloyd Webber & Cast of "The Phantom of the Opera" Motion Picture