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One of Pablo’s tweets suggested that authorizing an OOT restoration is still up to George, but I kind of took it to mean that Disney, while under no legal obligation to honor George’s wishes, still isn’t going to release the unaltereds without getting his blessing.
What all of that says to me is this:
The unaltereds will be restored (if Disney isn’t in the middle of doing so already) and will be released whenever the time comes to release this new 4k SE we’ve been hearing so much about for the last three years. George really, truly will not care so long as the “rough drafts” aren’t presented in superior quality to his “original vision.”
As for when this will finally happen, I see two possibilities. They could put it out this year, but that would mean not only giving Fox their cut on all six films but also leaving one less thing in their own back pocket to sell post-2020. There is probably a not-insignificant number of fans who will probably never upgrade to 4k UHD.
The other possibility is that Lucasfilm will simply wait until the UHD debut, which given their history of waiting until a format has become widely adopted won’t happen until 2020 at the earliest anyway. If the 2011 discs are still selling well enough, why not wait? Why blow their load now with a regular 1080p blu of the OOT when that’s the final home video release many fans will ever care to buy? They could always release it the same day as the UHD and have all their bases covered, while still giving as little as possible to Fox.