I think I remember reading that this was scuttled some time ago. Unfortunately I don't have any solid articles toward which to point you. Anyone else have anything?
Warner implied in a chat two or so years ago it was being worked on, but nothing has happened. Clive Barker has expressed interested in the past. I recall reading an article a while back which suggested the footage would need to be located first. Apparently, he's busy too with a Tortured Souls film. In other words, not any time soon.
The movie is very interesting but a little disjointed. Barker has said over the years that the film would be much better had he been given final cut. I still enjoy what is there. David Cronenberg is especially creepy in it.
Fox seems to be pretty good at storing their outtakes (look at the ALIEN series), so the material probably exists, but as Barker points out, it's all a matter of somebody rummaging through the boxes and film cans in the Fox vault to try and find it all.
If I lived in LA, I'd volunteer, and while I was at it, I'd keep an eye out for the EXORCIST III outtakes
In the forlorn hope that a feature-packed edition of Nightbreed is released, I'd like to mention that I recently re-discovered some behind-the-scenes footage and interviews, which could be used as DVD (HD DVD / Blu-Ray!) extras...
There are two programmes: a British film review show called Saturday Night at the Movies (broadcast May 27th 1989), which featured interviews with Cronenberg, Barker, Bob Keen and Geoff Portass; and an American show called Cinemattractions, which had interviews with Cronenberg and Barker.
I also have some photo's from an exhibition of Nightbreed props and costumes, which was held here in London.
If anyone reading this is involved in putting a Nightbreed disc together, I'd be happy to contribute them!
It's a little more complicated than just nagging Fox.
Morgan Creek was the production entity that financed NIGHTBREED; Fox released the film through a previous distribution arrangement. So Fox may have the negative material and trims in storage, but it is in fact Morgan Creek that would have to give the yay or nay to pulling it out and assembling the cut.
Morgan Creek's library is a little complicated right now too. They had a longtime deal with WB, and most of their movies are still handled by them for DVD - most notably TRUE ROMANCE. So if, say, WB's home video department came to them and lit a fire and said they want a director's cut release for Blu-Ray, that could make things happen. However, Morgan Creek currently puts new movies out through Universal, so WB may not necessarily want to deal with a company that is no longer on their lot.
But basically, to make it concise -- WB has the DVD rights, Morgan Creek owns the copyright, Fox is likely storing the footage. Work from there.
I emailed Devin Faraci at CHUD and told him roughly the same thing, but didn't know about Morgan Creek's deal with Universal (are they even putting out new movies other than that one with Jane Fonda and Lindsay Lohan anymore?). Companies like Morgan Creek and Largo -- product released by Fox and Universal is now being put out on DVD by WB -- are bloody hard to keep track of.
We need an extended version of NIGHTBREED and all fans know this.
The studio messed with Clive Barker and his work was not released as he seen fit.
All the information needed is at www.fangoria.com