Phoenix Rising is a combo CD/DVD live album by the Mark IV line-up of Deep Purple, released in May 2011. It includes rare live tracks from Mk IV history, Rises Over Japan, a 30 minute concert film directed by Tony Klinger, Gettin' Tighter, a new 80-minute documentary about the band's 1975/1976 tour, and some extras.

The concert film Rises Over Japan was made at Budokan Hall on 15 December 1975. The concert was released on LP in an incomplete form as Last Concert in Japan in 1977 and the whole concert was issued in 2001 as This Time Around: Live in Tokyo. The footage was shot professionally with multiple cameras on 16mm film. Despite this, for many years only very poor quality bootleg copies from an obscure Japanese VHS release circulated among fans and collectors. Finally, after over 36 years the concert was restored from the original 31 minute print and released as a bonus feature on the Phoenix Rising Blu-ray Disc in 2011, complete with the original stereo sound mix and a new 5.1 surround sound mix.

In May 2012, Phoenix Rising won German Leserwahl award as the Best Music Blu-ray.