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I'm sort of hoping that the studios would release a version, though - however, does Lucas now control all distribution rights, and is therefore is unlikely to allow distribution on DVD of the original trilogy??
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I believe he does. My memory may be a bit jaded but from what I remember, he sold LucasArts and THX to finance, not only the making of the prequels, but also to acquire rights to the first three. I think we have a situation similar to Kubrick and The Clockwork Orange in the sense that it was only after his death that this movie gained a UK release.