A story in Variety tells us that the aforementioned offspring of the brilliant filmmaker, Andrea and Raffaella, have acquired the film’s Italian rights, and plan to release a longer cut. While the version that is now sold on DVD and Blu-ray runs at 229 minutes, they plan to add 40 unseen minutes, bringing it up to 269, or four hours and twenty nine minutes.
Leone did around a year of filming, originally planning to release it as two three hour films, so there’s quite a bit of footage to choose from. Fausto Ancillai, the movie’s sound editor, is working on the new cut, and Bologna Cinemetheque L’Immagine Ritrovata will be overseeing its digital restoration. The plan is to premiere it in 2012 at either Cannes or Venice, with a VOD or theatrical release in Italy to follow. Thankfully, it’s hard to believe that other areas wouldn’t follow.