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Enough of these clip shows.
I want complete Tonight Show episodes. Who agrees?
Oh, yes, I'd love to see complete shows again, but it's never gonna happen. Set aside all the 'corporate' concerns (about all the topical stuff, modern audiences won't care, be bored, whatever). There are many logistical problems that would make complete shows so cost-prohibitive that no one would be willing to take the risk.
First off, clearances would have to be obtained from all the guests (or their estates). Second,
all of the Tonight Show Orchestra musicians would have to be paid for
every episode, since every episode contained unique music (and, one could say, a unique performance of the theme tune every night). Also, the personnel of the band could change on a regular basis (including fill-in guys), so there wouldn't be a "set" group of people to pay residuals to for each show. It would be constantly changing and, if records were even kept (especially regarding substitute musicians), it'd be really hard and time consuming to keep straight.
I'm sure this is the reason why on the DVDs we have so far that the original in-studio recordings of the theme tune were all replaced by the same single recording of it: so only one set of music rights had to be worked out/negotiated/paid with a single set of musicians. It's also probably a large part of the reason those custom VHS recordings of the complete shows from the vault were $100 a pop.
And, I guess, third, the next obstacle would be finding a channel that would be willing to show 20-30 year old interview footage of celebrities hawking their "new" movies, etc. and ones that would be willing to devote up to 90 minutes in the schedule (if you're talking complete show). Given the cost and risk involved, I just don't see anyone taking that on, unfortunately.
Now, complete shows on DVD, that's another thing. Though technically
possible, due to the music licencing concerns, I doubt we'd ever get a 100% uncut show (we haven't so far, not even Johnny's final two shows that were released). At the very least, the theme music would be replaced and numbers with the band would likely be left out, too. There'd be people calling for a boycott as they'd not be uncut, which might affect sales, which would affect any future complete shows being released.