Well, this was a bit of a let down. After seeing the trailer and a few clips of Moulin Rouge, I thought this movie was going to be my favorite musical movie. First of all the whole film was too chaotic. I am not really fond of fast cutting movies (like many Guy Ritchie movies), I'd rather watch long takes. The story of The Mouling Rouge wasn't that special either. Of course there was a 'suprise' near the ending, but the main character spoiled this in the very first scene.
What I did like were the visuals and the costumes! I think Moulin Rouge would have been better if I saw it in theatre. A small screen is not advantageous for this movie. I also liked the performances. Ewan McGregor, Nicole Kidman and John Lequizamo (He sounds exactly like he does in Ice Age) were great, but I think Jim Broadbent had the best performance. Why didn't he receive an Oscar nomination for Moulin Rouge? Well, apparently he did receive a nomination for another movie that same year and won.
So to conclude, I thought this was a visually stunning movie with wonderful performances, but a great story and quite scenes were absent.
Singing in the Rain remains my favorite musical movie.