BFI use translated and new intertitles in a very cool font. Their 1080P presentation is accompanied by James Bernard's acclaimed score via either linear PCM or a DTS-HD 5.1 sounding exemplary. So, basically, this is a whole new presentation combining audio and video - and I thoroughly enjoyed it! It IS region 'B'-locked.

Extras include 24-minutes with Christopher Frayling, from 2002, talking about Nosferatu and its production. It is excellent. We also get Jean Painlevé's 1945 Le Vampire - the study of the South American vampire bat, as an allegory of the Nazism running 8.5 minutes and Percy Stow's 1904 The Mistletoe Bough which is the oldest film version of a classic Christmas ghost story recently restored by the BFI, featuring a new score by Saint Etienne's Pete Wiggs. There is also a stills gallery, featuring some of Albin Grau's original production drawings. So, no commentary - but I appreciated the different look.

For those who can't get enough of this film - this particular viewing really impressed me. I have always been less-a-fan of tints and the vibrant uncompressed score and no subtitles (already translated intertitles) can give it a new face. To that select group of cinema fans - this Blu-ray is certainly recommended! I hope you enjoy it as much as I did.

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ADDITION: Masters of Cinema - Region 'B' - Blu-ray (November 2013): Firstly, this comes in both a standard Blu-ray and 'steelbook' editions. It is a new 1080p high-definition restoration by Friedrich-Wilhelm-Murnau-Stiftung. It is clearer, has more textures and, as with HD, shows the damage marks a shade more. I love these visuals - they are richer and have superior contrast supporting better detail. We seem to get a smidgeon more information in the frame. This is the best I have seen the film to date. I look forward to comparing to the upcoming Kino - Region 'A' Blu-ray for, what we hope is, a telling image comparison.

Audio is an option between 5.1 (DTS-HD) and 2.0 stereo (LPCM). I listened to the latter and it sounded fabulous and atmospheric.  Masters of Cinema maintain the original German intertitles. Most of the original intertitles and inserts are preserved in a saftey print from 1962 frrom Bundesarchiv-Filmarchiv Berlin/Koblenz, originating from a print in 1922. Missing intertitles and inserts were redesigned on the basis of the original typography by trickWilk, Berlin. They are marked at the bottom with F.W.M.S. The lab work was carried out by L'Immagine Ritrovata, Bolgna. This Blu-ray is region 'B'-locked.

From their past DVD release Masters of Cinema add more - now we get two audio commentaries: one newly recorded by film historian David Kalat; the second, found on the last DVD, by historian R. Dixon Smith and critic Brad Stevens. Fans will love the new one as much as they did the 2007. The Language of Shadows (also found on the 2007 DVD) is a 53-minute documentary on Murnau’s early years and the filming of Nosferatu. We get a new, 20-minute, video interview with BFI Film Classics: Nosferatu author Kevin Jackson. There is the an exclusive, 12-minute, video piece taped by and featuring filmmaker Abel Ferrara - looking a bit rough. MoC add one of their impressive booklets - a 56-page one featuring writing by Gilberto Perez, Albin Grau, Enno Patalas, and Craig Keller; notes on the restoration; and rare archival imagery.

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Here are the similarities:

1) Both use the 2007 restoration by the F. W. Murnau-Stiftung.

2) Both are interlaced although the MoC is far less noticeable (see combing samples in very last capture).

3) Both are in the full-frame 1.33 aspect ratio for most of the film (segments appear pillarboxed).

4) Both are 2 disc packages with double thick keep cases (MoC has overlapping disc holders - Kino separate compartments).

5) Both offer the original German intertitles and both offer the Hans Erdmann score in 5.1 stereo (NOTE: Kino's first disc offers the film with English translated intertitles).

6) Supplement-wise they both give The Language of Shadows — a 53-minute German documentary by Luciano Berriatúa and both give the 3-minute short on the restoration process.

1) The Eureka MoC disc is in the PAL standard (region 0). The Kino is in the NTSC standard (also region 0).

2) The MoC appears to have superior compression with far less artifacts than both Kino versions but the Kino tends to look sharper at times. I'm unsure why this is.

3) MoC's original German intertitle version is on a dual-layered disc sharing only with  commentary. Kino original German intertitles edition (second disc) is on a single-layered edition.

4) Supplements - MoC have added a very worthwhile commentary and a gorgeous 80-page liner notes booklet. Kino added excerpts from other Murnau films and a photo gallery.

5) Contrast and color tinting can be slightly different in the two releases.

6) The MoC shows more information in the frame.

I hope we have included enough comparison captures below to help you distinguish finer point differences. I can't understand why even the single-layered Kino (disc 2 - with original German intertitles) appears sharper than the MoC (honesty it was not overly significant though on my system). I still rate the PAL version higher as a package because of the commentary and the booklet. It's a fabulous DVD set folks. I suppose many will also be very happy with the Kino - it was smart of them to provide the original as an optional disc and it does look quite good even beyond the heavier artifacts. Price isn't too different right now with the slumping U.S. greenback. I'd like to endorse both - my heart is with the wonderful Masters of Cinema package with the extras worthy of a Criterion.