Disney Acquiring Lucas, is this "Twice Upon a Time"?

Last week Disney announced they are buying up Lucasfilm and all other Lucas owned properties (ILM, LucasArts,Skywalker Sound, THX, etc...) There was a lot of excitement over the announcement of new Star Wars movies and the possibility of more Indiana Jones movies. There are a few other Lucasfilms out there like the American Graffiti films; the Ron Howard directed fantasy, Willow; the Francis Ford Coppola directed bio-film, Tucker: A Man and his Dream; the 80's bomb Howard the Duck, based off the Marvel Comic that Disney also owns; Radioland Murders, a comic murder mystery center around a radio serial...

The one I'm interested in is the cut-out animated film, Twice Upon a Time. Released theatrically in 1983, the story is about two unlikely heroes, one a silent tall figure and the other, a dog like shape-shifter (who coincidentally looks a little like Finn on Adventure time) who are sent on a journey by a fairy to stop an evil man who has stopped time and wants to give the world only nightmares. It's a zany film with some great voice talent, like Lorenzo Music (animated Garfield), Paul Frees (Rocky and Bullwinkle and Disney's The Haunted Mansion), and Hamilton Camp (Gizmoduck) among others.

Twice Upon a Time was only released on vhs a few times, once in the 1980's and again in the early 1990's (also released on Laserdisc). According to Wikipedia, it was once shown on Cartoon Network in the late 1990's, but that had been it's last known television broadcast. I have always been an animation fan and I had heard of this movie in a brief statement in Leonard Maltin's "Of Mice and Magic". Maltin states that in the 1980's Steven Spielberg and George Lucas were moving into the animation game. "Lucas was the first of the two to actually produce an animated feature, but TWICE UPON A TIME (1983), a hip, offbeat film using cut-out animation (called Lumage) and directed by John Korty, didn't generate much interest in its first theatrical bookings, and quickly disappeared."

Based on this statement, I was on a mission to find it and luckily found it on VHS at one of our local video stores. I loved the movie. I thought it was funny and it looked different than any other animated film I had seen. Plus, it was much more adult than any kids animated feature I had seen at that time and it may be one of the first animated films to use pop culture references, like Lucas' own Star Wars and Raiders of the Lost Ark, not to mention the Muppet Show, which of course was created by Jim Henson, who later collaborated with Lucas on Labyrinth.

Ibor is one of the villains sidekicks and he has TV for a face. Often showing popculture clips. 

It's difficult to see in this image, but he has Miss Piggy on his "face".

Some folks that worked on the film are now associated with a few Disney and/or Disney-Pixar classic, like Henry Selick, director of The Nightmare Before Christmas, who was a Sequence director on Twice Upon a Time. Harley Jessup was the art director and who has since gone on to being a visionary at Pixar since their first film, Toy Story. Bruce Heller is one of the top special effects animators in the business, having worked on Hunchback of Notre Dame, Atlantis and Treasure Planet. The film was directed by John Korty who would later direct the Return of the Jedi spin-off TV movie, The Ewok Adventure.

This would be a great time for Disney to take advantage of releasing this film on DVD or Blu-Ray for the cult following it has already gained, for the animation fans who have never had a chance to see it, and for those who just want to see a visually different looking film with funny and interesting characters.