It was absolutely released in March, 1980, no ifs, ands or buts about it. Thus, that is the release date. Whether the comment in question was something that needed to be in the trivia section is another story entirely.
1979 was probably put in the opening credits because that was the year the film was physically completed. But for whatever reason it wasn't released until the following spring and I have no idea why. My only guess is that they must have run into some technical problems while editing and couldn't get it out in time for it's initial release (probably the summer of 1979) so it got pushed back to the spring of the following year.
It was an independent production released by an independent distributor. When you don't have a negative pickup arrangement lined up off the bat - and most indie pictures in which the production company wasn't going to self-distribute didn't - then you usually had to complete the project and screen it for multiple parties in order to find someone who liked it enough to be willing to gamble on releasing it. That takes time and doesn't just happen overnight - and in some cases, it doesn't happen at all. Throw in the fact that most indie distributors were cash-strapped and it wasn't cheap to ship out prints in the non-digital era, thus they had to stagger their releases more than a major studio did, and you will have your answer as to why not all films are immediately released the instant they are completed. By no means was "The Changeling" on the shelf for a long time. Filming wrapped approximately one year before release.
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