In 1986, the Monkees were headlining what would become the highest money-making tour of the year. They released a hits compilation called, "Then and Now, The Best of The Monkees" that featured three new songs recorded by Micky and Peter. The first single off of this album was "That Was Then, This Is Now," a cover of a song originally recorded by the Mosquitos. The second single was supposed to be another of the three new songs, but Arista records (with a lot of persuasion by one Mr. Davy Jones) chose to release a remixed version of "Daydream Believer" instead. To "80s-a-fy" the song, they increased the speed a tad, added new drums and bass and gave it a "tinnier, higher pitched" sound. The results were not what they had hoped. It came and went with not much of a fanfare. They did release it with a picture sleeve that was pretty much a copy of the original picture sleeve from the 1967 version.
Here is that remix. (by the way, the original pressing of "Then and Now" featured the original recording of Daydream Believer. All of the reissues featured the remix.) Enjoy!
- text taken from "Dartman's World Of Wonder"
http://dartmansworldofwonder.blogspot.ca