This is an atrocious quality print - like it's just been transferred from an ancient video copy. It's been chopped into 4:3. It's also dubbed into English. Avoid and wait for the Criterion edition to come out.
Just to back-up VW's comments - which I wish I'd seen before borrowing the film. The rented disc is a terrible copy - extremely jumpy and next to unwatchable. Best avoided - unless a better edition/ copy is available. Spoiled what should be a good film. (I'd prefer Cinema Paradiso not to list/ supply poor quality film copies, than have to watch poor discs that spoil the experience, please).
All the other reviews in this website dis the movie due to the DVD's quality. The Bluray version is now available at cinema paradiso, and it's widescreen (no pan-n-scan), the bw intro is clear, the sound is the original italian, but you can chose to have the dubbed american version is you wish. There's also two 1.5hr documentaries.