- There are some kind of legal disputes between Disney and 20th Century Fox, though they seemed to have resolved this enough to re-issue the Blu-rays and put out a digital download release.
This is the theory I’m sticking to. Fox still owns physical distribution (all the Blu-ray reissues are “Complete Saga” / Steelbooks with only Fox logos). The digital release was apparently a loophole that Disney was able to utilize, but you can’t buy ANH on Disney’s digital store and they didn’t remove the Fox logo from the beginning of it.
I feel like Fox may be upset that LFL didn’t sell to them, and on top of that sold it to their biggest competitor who is probably trying to take the remaining Marvel properties back, which would hurt Fox’s bottom line even more. Fox could probably legally release an OUT of ANH, but at this point they can’t access the film because the LFL archive is beyond their reach. A restoration would require them working together, especially if it covered the entire OT. And even then, Disney would be distributing a movie with the Fox logo, because no one would want an OUT without it being U.