I'm betting this is a graymarket release probably mastered from the previous VHS tape or a faded 16mm print from a TV broadcast. With that in mind, if that is the case, then you can be sure that Selby, the director nor any of the creative people who actually made the movie will see one dime from this.
I'd love to acquire this and get a real label to release it from a brand new transfer from original elements. I've never seen it but I found the trailer fascinating...A lot like the girl in white story in CITIZEN KANE...
Hi Darren: Pity about that about the distribution people/possible greymarket. Would be a shame for the people who did the work of making the thing not see any profits/residuals.
Its a cute little movie, all joking about the Selby "assets" aside. Didn't seem dated either, exxcept for some of the clothes. Pretty mild R too for these days. I have a review of it on my website. (Shameless plug here!) It was originally written for a venue that was shall we say rather straightlaced, so I detailed what is involved in all the more adult scenes.
I found it when I was first playing catchup on the DS actors, and did NOT know about the shall we say "interesting" scenes till I saw the tape.
I was attracted by the plot synopsis I read, and the fact that his place in the billing meant he would be in most of the picture. Interesting point on the girl in white story. I didn't even connect that till I saw your mention it. I haven't seen Kane for a while, but I do think you're right about the similarity.