When the movie came out, it pretty much disappeared right away, which is often the fate of small movies, simply because the studios don't bother to advertise them. As well, the film was "pegged" as a kid's movie, which is absurd. It's about kids; and kids could watch it with profit and get excited about it; but where kids see a film about a boy who succeeds ultimately in becoming an "escape artist," and using his talents to defeat the bad guys, adults see a whole different film, one that is about a profound emotional connection a boy has with his father who has died. And this side of the tale is made even more affecting by its only slowly being revealed as the film goes on.
One thing that may also have confounded audiences is that it's not a "talky" film. The young hero does things, he doesn't much talk about things, and that makes it a little hard to follow the motivations in places. But it is a lovingly crafted, beautifully put together, piece of work, one that is long long overdue for a release on DVD. The sequence of the young boy cracking the safe is fascinating, as is the dream sequence in the jail where he magically floats his father out of danger. Striking visuals, and a clear dramatic structure. Wonderful.
As of last year, I believe American Zoetrope held the rights to the title, and while it is on their list to release, they've had higher priorities (for example, Coppola's "One From the Heart," which is good, but suffers from Frederick Forrest's unfocused performance) so it may be quite a while before this marvelous film is released. Let's hope that
when it is released, Deschanel has some say in the process, i.e., we get at least a small documentary on what it's like to make your first film, we get an anamorphic transfer, and we get a reasonably high bit rate for the transfer.
If you can find this on VHS, that's not the best way to see it, but it'll do until the DVD comes along. Enjoy