"The 35mm print is in such great condition that it is begging for a full 4k scan restoration," wrote Morowitz. "This would at least guarantee a viable digital archive and one that can stand for future generations of cinema lovers."
So future generations are to rely on a 4k scan. Fat lot of use that will be in 10 years when there is 16k scanning and they tossed the 35mm print !!
The print is from around 1966 and is in "great condition" that really should tell them something.
Link greatly appreciated OP.
Unfortunately, the money is in digital, not film.
This movie might get a very limited theatrical run at a handful of analog theatres. Any real money would come from DVD and Blu-ray sales.
The original quote by Mr. Morowitz is quite stupid, however. If the producer had found an unused harddrive or floppy collection in his basement, it most likely would have been rusted or demagnetized and completely useless.
How much "restoration" would a black and white print that is only 50 years old require? My guess is little to none.