It will finally be released on September 15, 2009 by Universal.if you don't believe me here's the link:
http://videobusiness.com/article/CA6663030/q=phantasm+ii.
Phantasm II was released on 07/08/1988.
The duration of Phantasm II is 1.62 hours.
The Production Budget for Phantasm II was $3,000,000.
Phantasm II was created on 1988-07-08.
Phantasm II grossed $7,000,000 worldwide.
Phantasm II grossed $7,000,000 in the domestic market.
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Time - 2011 II was released on: USA: 2014 (DVD premiere)
You and Me - 2013 II was released on: USA: 25 December 2013 (DVD premiere)
Portraits - 2006 II was released on: USA: 2006 (DVD premiere)
Bambi II released as a direct to DVD title in 2006.
Isolation - 2014 II was released on: USA: October 2014 (DVD premiere)