The company also says it is exploring options for a theatrical release.
The announcement comes after weeks of grassroots campaigns by Star Wars fans across the US in support of an earlier version of the film. That included one initiative that drew 300,000 emails in support of the film.
'While the later version tested very well with audiences, the grassroots support we have received for the first version simply cannot be ignored,' said Matthew Frankel, TWC's chief communications officer, in a statement. 'We are very excited to launch these two films and look forward to giving the fans the opportunity to see both versions.'
Produced by Trigger Street and Picture Machine, Fanboys stars Jay Baruchel, Dan Fogler, Sam Huntington, Chris Marquette and Kristen Bell. The film is directed by Kyle Newman and produced by Kevin Spacey, Dana Brunetti, Evan Astrowsky and Matthew Perniciaro.