Perhaps this has something to do with it:
from the link you posted:
The subsequent film adaptation, released in 2000, was a commercial failure and was criticized as one of the "worst films ever made".
Also from Rarity's link, there's
this:
Fraud by Franchise Pictures
Following the failure of Battlefield Earth and other films independently produced by Franchise Pictures, The Wall Street Journal reported that the FBI was probing "the question of whether some independent motion picture companies have vastly inflated the budget of films in an effort to scam investors"
[...]
The case was heard before a jury in a Los Angeles federal courtroom in MayJune 2004...Intertainment won the case and was awarded $121.7 million in damages.
The film cost ~$95M, earned ~$30M, and Franchise Pictures pays out ~$122M in lawsuit judgements...let's release it on blu-ray!

What I am looking for is a loan in the amount of 48,000 BTC to spearhead a Blu Ray restoration and release of this excellent film.
48K BTC is quite a sum...care to post a business plan/pro-formas? It might help you attract investors.