Is there a right to re-edit?

Billy Crystal opened tonight’s Academy Awards with his traditional spoof of the past year’s movies. For those who haven’t seen it before, a talented team of motion graphics pros and film editors splice together a mock movie preview, pasting his face onto the bodies of known characters, and editing him into certain scenes. I couldn’t help but wonder — if he was on his own, could he have done the same thing without incurring the wrath of the movie industry?

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