Well i've posted this on other Nightbreed threads so may as well put it here.
If the extra footage comes from VHS, there will be no Blu-ray of the Cabal cut. Just a dvd release as using the VHS tapes would involve 'baking the tapes' in order to improve the quality. Unfortunately this would still mean material unsuitable for a HD release.
IF as the OP quote from Barker states, the money is there, then they are looking to go through the studio archives in a bid to locate the missing footage which may still exist in some cans somewhere.
If the original materials can be located then expect a blu-ray release with lots of extras.
I saw the Cabal cut a couple of years back at Grimmfest in Manchester and it is a really, really improved cut of the film. We have Decker talking to his mask, not actually wanting to kill people but the mask itself is compelling him (well he is a nutter after all) there's more creature effects, more verything.
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