The have the wrong pic up for the cover
I don't think anyone has noticed but the image on the movie's page is actually of Gensoumaden Saiyuki a 50 episode Japanese Animated TV series from 2000 Released to US DVD's in 2003 by ADV Films. Also the links to Amazon take you to the TV series DVDs as well.
Anyway. thought someone ought to know.
I loved Alakazam as a kid. I used to watch it in the winter time on tv in the 80's. It wasn't black and white though. It was in color. I don't know where they got black and white from.