This is essentially the THX LaserDisc version of the Tex trailer with "LASER |/ DISC" blacked out. The bottom part of the glow-ish sheen of the THX logo being cut off is the dead giveaway.
This was captured from the 2003 Special Edition DVD of A Bug's Life.
I don't know why Disney or Lucasfilm (THX's owners at the time.) blacked out the LaserDisc part, why didn't they just digitally remaster it from Pixar's raw assets? Of wait... they did..... in 2005! Jerks!
Black covers LaserDisc.... hehe... and all of you all thought ONLY the 1996 Toy Story Deluxe CAV LaserDisc set had this trailer....

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