Spielberg later regretted making those changes to ET saying,
“That was a mistake,” Spielberg told a master class at the Time 100 Summit in New York City.
"I never should have done that.
"E.T. is a product of its era. No film should be revised based on the lenses we now are, either voluntarily, or being forced to peer through.
Also, in another example, Robert Zemeckis and Bob Gale have the rights to Back to the Future. Universal need there approval for any sequels/remakes which they will strongly refuse. They’ve also left the legal rights to their estates. So even once they’ve passed on, the chance of anymore films are basically zero.
Spielberg later regretted making those changes to ET saying,
Also, in another example, Robert Zemeckis and Bob Gale have the rights to Back to the Future. Universal need there approval for any sequels/remakes which they will strongly refuse. They’ve also left the legal rights to their estates. So even once they’ve passed on, the chance of anymore films are basically zero.