An old release but it must be done.
The Image Entertainment DVD was released in 1997. Judging from artifacts on lettering and the fact that it opens with the Hemdale Home Video logo, I'm guessing it uses the laserdisc master. It's non-anamorphic so I cropped 60 pixels each from the top and bottom to make comparison easier.
MGM made a new film-to-video transfer for their 2001 Special Edition DVD. The European disc features some different color timings than the US disc, and the opening scenes are from a different transfer without the burnt-in texts. (They're player-generated in order to accommodate the different language options.)
Later, Europe got an "Ultimate Edition" DVD based on the same European SE master but with the burnt-in opening restored using the other transfer. Unfortunately this release also added automatic dirt/scratch removal, with associated artifacts throughout.
The Blu-ray uses the exact same master as the US Special Edition DVD released in 2001, just without the vertical stretch and SD downscale.
Now for my major complaint: every single one of these releases uses temporal DNR, in varying degrees. This is tough to demonstrate with screencaps but I did find one part of the movie that displays it in a way that's obvious with stills.
If you want your experience ruined as much as mine, see image set #3 below. The "white" sky background seems to play hell with the filters used. Look at the power lines and lamp post. The downward camera movement coupled with the temporal filter causes duplication of these objects! If you watch those parts of the scene during playback you can actually see them accordion out and then slowly fade away...
The strength of the filter used on the EU discs is considerably lower than that used on MGM's US discs. The strongest DNR is actually on the Image DVD, but it doesn't have the duplication issue to the same degree.
Summary rant over.
[EDIT 2012-11-03: Added shots of UK Blu-ray.]
..... Image DVD .......... vs MGM UE DVD (EU) vs MGM SE DVD (EU) vs MGM SE DVD (US) vs MGM Blu-ray (US) vs MGM Blu-ray (UK)
Edited by msgohan - 11/3/12 at 2:58pm