Audio problem: When policemen are pursuing the Phantom in the park, their motorcycle tyres makes sounds and sparkles on the ground as if it was asphalt, but it's dirt.

The Phantom (1996)
Ending / spoiler
Directed by: Simon Wincer
Starring: Catherine Zeta-Jones, Billy Zane, Treat Williams, Kristy Swanson
The Phantom (Billy Zane) defeats Xander Drax with the fourth skull (which is his Phantom skull ring) and he recovers his father's Phantom skull belt. Phantom tells Diana the story about the origin of The Phantom and how the tradition is passed on. Diana figures out on her own that Kit Walker is The Phantom and he talks about marriage. Diana leaves Bengala with Catherine Zeta Jones but she promises to return.
il Postino
Phantom's Dad: Hey, Kit. I like her.
The Phantom: Thanks, Dad.
Trivia: Billy Zane was a fan of the character and took the film very seriously. He spent a year working out and doing weight training to build muscle mass, so he wouldn't have to wear a fake muscle suit. He'd also leave set in full costume and drive around, get lunch, etc.
Question: If Diana was able to recognize Kit even after years of not seeing him then how come she didn't notice he has the same voice as the Phantom, whom she had just been with the day before? He doesn't try to disguise his voice in any way.
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Answer: She was preoccupied trying to escape from the bad guys and annoyed that a guy in a purple suit, was trying to save her, when she said, "I can do it myself." It was most likely later, in New York, when the met face to face. Kit and Diana, when she put two and two together. Again was too preoccupied trying to save the world to pause and confront him.