Darren Carver-Balsiger’s review published on Letterboxd:
Phantom of the Paradise is a streak of imagination, gloriously packaging The Phantom of the Opera, Faust, and The Picture of Dorian Gray as a horror comedy musical hybrid. It's a pity therefore that the film is so muddled. I love almost everything about the ridiculous premise, but not enough regarding the more restrained execution. Only in the end credits and the final few scenes preceding them does everything come together with a tone that is as fun as the magnificent production design. Phantom of the Paradise is a ragtag collection of interesting bits about the Faustian nature of the music industry, and despite being uneven, it's a real delight in its best moments.
Side-note: Oh man, the scene where Winslow sees the woman he loves kissing someone else really hit me hard. Sometimes I inadvertently end up watching things at just the wrong moment in my life personally. Shit.