It is convoluted. The Hitcher was a co-production between HBO and Silverscreen Partners and distributed by Tri-Star in the US (which is a Division of Sony) and Thorn EMI in UK. Thorn's video library was absorbed back into HBO in 1987. Since then The Hitcher has been released by Warner, Universal and Momentum video arms. It's possible therefore HBO are the rights owners.
However, the Momentum DVD also had the studiocanal logo imprinted on the cover so that seems to indicated it was released under licence from them.
In either case Arrow have never had much of a relationship with either of these two companies so a release from them seems unlikely.
Perhaps if someone has the old DVD they can check the small print for the licence either on the back or on the disc?
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