Now, nearly two decades since the film's initial release, the film will be rereleased in Blu-ray format where can be reborn for a whole new audience.

Unlike many western films, Tombstone is based on true events in one of the Wild West's most famous towns.

"It's a pleasant surprise that the film was not a Hollywood set and the place actually exists," said Tim Fattig who works at the O.K. Corral, the site that inspired the film's climactic gunfight.

Though many scenes in the film were shot in Old Tucson and at other locations throughout Arizona, the film itself was written with an attention to detail both regarding the climate in the city of Tombstone and the lives of the participants involved in the famous gunfight at the O.K. Corral.

"Hopefully the new release will help a new generation re-discover this town and the town's history," Fattig said.

Ron Lord, who says he played a wrangler in the movie, though he was not listed in the films official credits, is currently a street actor in town. He says the city has changed since the film's initial release.

"I came to Tombstone 11 years ago and the town was packed but has died down in the last four to six years," he said. "It's cheaper to film western movies in Canada than Arizona now."

Tombstone's economy boomed shortly after the film. Visitors came to see the Old West and were pleasantly surprised to recognize the streets and businesses from the original movie.

"Business increased a whole lot from that movie," said Jim Penna, a bartender at the Silver Nugget. Penna says he saw the changes in the town take shape shortly after the film's release.

The Silver Nugget, as well as many businesses in town, uses the Tombstone movie emblem on much of their merchandise.

"T-shirts, coffee mugs, picture frames and key chains all have advertisements from the movie and they sell really well," Penna said.

Penna said people still come into the Silver Nugget and ask about the history of Tombstone and talk about the movie.

"Without that movie and Wyatt Earp, this town would be washed up," he said. "That advertisement helped this town a lot."

Penna's daughter, Sandra, who works at the Silver Nugget on the weekends, stressed how the movie impacted the town.

"People come in talking about the movie and [that it's] why they even came through town," she said.

Lord said Tombstone has gone from being the focus of Hollywood's attention to a town that is more known for run-down buildings serving as fodder for ghost hunters rather than the historical western town it is. He is hopeful that the new release of the movie on blu-ray will help and also that new western movies will come out for the next generation.

The new DVD will feature remastered visual and audio components, as well as several 'making-of' featurettes and a storyboard breakdown of the O.K. Corral shootout.