'Just when you think you're out...' Francis Ford Coppola announces re-edit of Godfather

Acclaimed film director Francis Ford Coppola plans to recut the widely panned third part of the Godfather trilogy and release it under a new name in theaters this year. 

A new version of The Godfather: Part III - Coppola's belated follow-up to two of Hollywood's greatest ever films - will be released in theaters this December, Paramount said Thursday, the Daily Mail reports.

The concluding movie about the Corleone crime family's rise and fall was relatively poorly received, and the new cut will achieve Coppola and screenwriter Mario Puzo's "original vision for the finale," a statement from the studio said.

For this version of the finale, I created a new beginning and ending, and rearranged some scenes, shots, and music cues,' said Coppola in a statement to AFP.