Well I sure do hope I'm proven wrong about a quality print not existing anymore, but I can't help but feel a little cynical. I guess the best we can hope for is the possibility of a rich collector having a pristine print, as you've indicated. I should point out that the director, Harvey Hart, passed away years ago. So either somebody else is sitting on the negative or it's in really bad shape. Or the negative may even be lost.
And by the way, this same situation has happened with some other Canadian movies from the 70s. It's been reported that the negatives for the Canadian horror classics Black Christmas and Rituals are missing as well. But luckily in the case for Black Christmas, there was a decent enough print to be used for DVD releases. And as for Rituals, there was a magazine article that said the director's own personal print has been dug out of a closet by his widow and will be used for the upcoming DVD release (whenever that will happen, apparently there are still disputes over the rights). I don't understand why Canada has been so lousy at film preservation. I don't know whether if it's a cost issue or if these film companies simply don't give a crap, but it sure seems like Canada does a terrible job at looking after their own movies. I mean, how hard can it be to safely store away a bunch of film reels?
Getting back to Harvey Hart, he made an interesting little movie in 1976 called Shoot (another Canadian tax shelter flick), about two groups of hunters who are at war with each other. It received a VHS release many years ago, but has since vanished into total obscurity. I would love to see a DVD release of that one, but I ain't holding my breath.
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