I recently finished my own fan edit of "The Matrix Reloaded". Initially I refereed to the project of re-editing both films as "The Matrix Remixed". I now refer to the finished cut of Reloaded as "RELOADED_REMIXED", the first 20 minutes of the cut you can watch at the following link:
The Digital Millennium Copyright Act now protects transformative remix for creative and critical purposes. The video only uses 10 minutes from the original film, the other 9 comes from the Enter the Matrix videogame and Final Flight of the Osiris animated short, so I believe I am within bounds of creative transformative remix. Though I though it would be good to place a link to the original film which is available to rent on YouTube.
That is when I thought of a way YouTube can encourage the creation and distribution of fan edits that would also please the studios that own the original films. They could allow users to upload their original fan edits. But the only means to view these fan edits are by renting the original film. This will encourage user generated creativity by giving users who create fan edits a larger audience. It would also be good for studios in that they will be able to generate revenue from old product.