Very cool work, great concept and visual execution.
If you're open to some constructive observations/opinions...
1) The overall visual approach is way cool with the circular dragon, then the fire swipe revealing the Title, nice use of the flames.
2) Audio really needs to be re-balanced. It's fine to have that loud crackling and swipe initially, but by the time Bilbo is narrating, that needs to have been faded waaay down from a roaring house fire to a pleasant hearth fire
You can use a traditional long crossfade at the end of that audio track, or use key frames (assuming your editing program uses them?) to lower it and then hold it at a sustained lower volume until it is properly faded out.
3) The blend transition to cut the audience reaction. Where I'd say the audio is a strongly suggested change, this one I guess is more about preference. Don't know which flavor of blending you're using for that transition, but it is absolutely not seamless and I think even untrained eyes are going to spot that something was removed. I'm not an fx guru so I don't know if there is a way to improve that blend, but if it were my project, I don't know that I could leave it at that.
If you're hellbent on cutting the reacting crowd, you may want to steal your own trick with how the logo is revealed.. when the firework first explodes, depending on what you have available, perhaps finding a way to have that initial explosion force a near white flash, so that as it fades back we get the dragon climbing into the sky.
Another option is to cut your darling and simply start with the circular dragon on leather, with crackling fire and go from there.
Regardless of what you do with point three (up to and including don't change a bloody thing), two observations once the logo first shows up.
1) When the leather backing fades in, we are hearing a roaring fire, but the visual is fairly static. Before even knowing what was coming, my brain was looking for ambient flicker. If it were my edit, I'd use that same flicker of amber that you use after the flame passes by the entire time.. flicker and backdrop.. then the awesome swipe of fire which leaves the title inside the circle (really love that effect! Great work!)
2) The logo is BEAUTIFUL, but the "The Battle of the Five Edits" is a tad.. smallish.. If it were mine, I'd try and increase that font if at all possible, double-stack the line? But that's just a personal preference.. it looks technically perfect and that fire transition is really awesome looking. I'd never have pulled anything like that off in my first edit, kudos.
I hope that's all taken well, this really is a great intro, the only thing I would say you absolutely should do is adjust the audio levels, everything else is preference.