When you’re into DVD and Blu-ray collecting, sometimes multiple releases by film companies just ticks you off, especially when they make double dips not even 6 months after the first release of the movie.

Watchmen runs 162 minutes on the theatrical cut, 186 minutes on the director’s cut and only-God-knows-how-long on the director’s cut with Tales of the Black Freighter integrated into it. The UCE will also include a new commentary along with more than 2 hours of bonus content/features.

The flier was found, on their early copy of the Blu-ray release, by the guys over at TheHDRoom. No exact word on whether Watchmen: 5-Disc Ultimate Collector’s Edition (UCE) will also be available on standard definition DVD.

You can go to Amazon to pre-order the ones that are going to be released on July 21st. Watchmen: 5-Disc Ultimate Collector’s Edition (UCE) will be released on December 2009, just in time to milk your holiday money-filled wallet.

Update (July 22, 2009): The ultimate director’s cut (or whatever you guys want to call it) will run 205 minutes according to Watchmen director, Zack Snyder.

[via TheHDRoom and Collider]