Picks and Pans Review: New This Week on Video

updated 10/31/1988 AT 01:00 AM EST

originally published 10/31/1988 AT 01:00 AM EST

>E.T.

What a buildup. The biggest-grossing movie ever: $700 million copies. The biggest video marketing budget: $25 million just for promotion. Even given the relatively low list price of $24.95, much money will be made. And if you resent the money will be made. And if you resent the simple tale of a 10-year-old (Henry Thomas) who takes in a stranded extraterrestrial, Steven Spielberg fashioned a family classic to rank with The Wizard Oz. This 1982 film is no sucker-punch Halloween trick E.T. delivers the goods (MCA)

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