I sometimes collect multiple releases if I really enjoy the film or if there's something included on an older release that's not found on the newer version.
For example, The Crow (1994) is one of my all-time favorite films and I have the VHS, 2-Disc DVD and Blu-ray of the film. The VHS exclusively has Brandon Lee's final on-camera interview. The DVD had a more in-depth documentary on the film, but only featured small parts of the interview.
The 2001 2-Disc DVD included an audio commentary w/ Producer Jeff Most and Screenwriter John Shirley and the 2014 Blu-ray has a new audio commentary w/ director Alex Proyas, but didn't include the previous commentary from the DVD.
For the 1978 Halloween I have the original Anchor Bay DVD from 1997, the 1999 remastered DVD, the 25th Anniversary DVD from 2003 and the 35th Anniversary Blu-ray from 2013. They all have different documentaries, commentaries and other various features.
I also have a Media Ent. VHS from 1982 and a "Blockbuster Presents" one from 1997. So for things like this I tend to collect multiple releases.
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