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Favorite Edit of the Year (FEOTY) 2020 Awards are here.
TMBTM, I could kiss you flat on the mouth for this! Alien is my favorite movie of all time, and the whole original trilogy means a lot to me, but Resurrection is a blight on this series. Because I'm such a fan of the rest of them, though, I keep compulsively watching it, and it gets worse every time. With your edit, you have finally given me a version of Alien 4 that I can enjoy. You cut every single thing I was hoping you would. EVERY. SINGLE. THING. God bless you. The basketball scene, while still in the movie, plays like the small character-building scene that it should be instead of a forced set-piece. The aliens no longer have an argument among themselves before breaking out of their cell (My understanding is that they have a hive mind, so this never made any sense and made them feel more like the velociraptors from Jurassic Park). Poor, miscast Dan Hedaya is barely in the thing! The color correction, toned-down music, and less frenetic cutting amps the tension significantly. The SFX work is terrific and subtle (when it needs to be). Everything was just spot-on.
And that ending! WOW! Kudos for going with this bold choice. It works so much better that the theatrical ending that I really feel like the way you re-worked it should have been the way it played in the first place.
It is just a much more satisfying end to Ripley's arc in this film as she was always "the thing that should not be" after the ending of the third one. And, had the studio ended the movie without her survival, as you did, they wouldn't have boxed themselves in with a fifth movie having to once again deal with a mutant pseudo-Ripley. You nailed it.
I think he wanted to say that (the way the original fourth movie ended) a fifth movie would logicaly need to have Sigourney as the lead role. So it "boxed" an hypothetical fifth movie with the continuation of the story of Ripley 8.
I would add that as Sigourney is getting older and not very kind to get back to her role anyway, then a fifth movie was not made.