Not in the US. There was a company that tried selling modified (I.e. censored) versions of Hollywood films. They lost. Copyright infringement.
There was also a second attempt where people would mail in their disks, and receive an edited version back. Again, lost.
So, whether we like it or not, nope. That’s not how things work, because any editing creates a “derivative work” in the eyes of the law, and only the copyright owner is allowed to make such derivative works.
Even if you edit the film yourself, you’re making a derivative work. The only reason you won’t be sued is because the harm is $0.
There was also a second attempt where people would mail in their disks, and receive an edited version back. Again, lost.
So, whether we like it or not, nope. That’s not how things work, because any editing creates a “derivative work” in the eyes of the law, and only the copyright owner is allowed to make such derivative works.
Even if you edit the film yourself, you’re making a derivative work. The only reason you won’t be sued is because the harm is $0.