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Get ready for 'Avatar 1.5.'

The Hollywood Reporter brings news that 20th Century Fox and James Cameron are looking to re-release 'Avatar' sometime this summer, complete with additional footage that was left on the cutting room floor (or in the Trash on a Mac) as it was rushed to make its original Dec. 18 release date.

Cameron has said that he has an additional 10-12 minutes of footage that could be put into post-production fairly quickly, including a scene in which Jake Sully's avatar proves himself to the Na'vi people and another involving a native festival during which tribe member Tsu'tey gets drunk. Get ready for 'Avatar 1.5.'

The Hollywood Reporter brings news that 20th Century Fox and James Cameron are looking to re-release 'Avatar' sometime this summer, complete with additional footage that was left on the cutting room floor (or in the Trash on a Mac) as it was rushed to make its original Dec. 18 release date.

Cameron has said that he has an additional 10-12 minutes of footage that could be put into post-production fairly quickly, including a scene in which Jake Sully's avatar proves himself to the Na'vi people and another involving a native festival during which tribe member Tsu'tey gets drunk.

The re-release was inspired by the studio, which felt that it was cheated out of millions of extra dollars last weekend when 'Avatar' was forced out of IMAX and some digital 3D theaters to make room for Disney's 'Alice in Wonderland.'

'Avatar' is currently the highest-grossing movie in history, with $127.1 million of its $712.5 million domestic haul coming from IMAX theaters, an all-time IMAX record. Worldwide, the film has earned an estimated $2.6 billion. A re-release with the promise of additional footage could bring in another $100 million to its box office total, assuming that interest in the film is still there by the time of it hits theaters.

Re-releases of high-profile films often prove lucrative for their respective studios, with Warner Bros. raking in an extra $2 million when 'The Dark Knight' returned for a limited engagement in January 2009. 'Transformers' also performed well when it was re-released in IMAX in Sept. 2007, seeing a 203 percent increase from the previous week.

Tell us: Should 'Avatar' be re-released in theaters, or would you rather see the extra footage on DVD?