So, props go out to Doering for pointing me towards this news item. Legend Films have acquired the rights to some of Paramount's back-catalogue, including Phase IV! I first heard of Saul Bass's trippy ant movie when its trailer showed up on the 3rd (?) volume of Synapse Film's 42nd Street Forever series. I have an earlier release by Legend Films, Carnival of Souls. I feel certain that even if they add some schlocky special features, (like commentary by Mike Nelson of Mystery Science Theater fame) the disc will still look good. Maybe not Criterion good, but good.
ANTS!
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