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Originally Posted by Stephen_J_H
Warner never did have the rights to the DC of NBK. NBK was produced by Regency Pictures (owned by Arnon Milchan) and distributed by WB to theatres and on video. When Oliver Stone expressed a desire to release a DC, Warner wanted no part of it and left Regency free to shop around the DC to other distributors.
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It's more complicated than that, but it's been so long that I'd have to spend a fair amount of time with the LD box set to recall all the detail. I do recall that Warner was prepared, at one point, to release the DC (this was pre-DVD), but pulled back when the film became too much of a hot potato. Stone refers to this in either the commentary or one of the supplements on the LD (not all of which were ported over to the Trimark DVD).
M.