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We've been checking out our two current prints, and extra reels. We will be combining the best parts to make a preview cut.
There is still a lot of weave in them, and the colors are off. But the prints are mostly clean, so it won't take much time to do the cleaning on them.
This will be used to consider the master release version. We think one of the best will be all that is needed. We don't forsee much of a demand for a Grindhouse or other alternate ones, since this is the least requested movie of the trilogy, and possibly the least favorite.
We are busy with Star Wars, but will continue to work on the other prints in parallel using the resources we have. We hope to have the entire Original Trilogy preserved in the best manner possible.
It is possible that this might be completed before Empire Strikes Back. We shall see.
Team Negative1