This is said to be the sequel of the musical "Phantom of the Opera". This movie was filmed in the Melbourne production of the musical. I haven't finished viewing it yet. Hope it compares well with to the original.
It still features most of the central characters as the original such as The Phantom, Christine Daae, Raoul and Madame Giry. The original was set in Paris, France while this is in Coney Island, Brooklyn, New York.