Own the rights?
Wow!!! I'm just shocked... I saw this movie when I was about 8 years old, and I have just discovered it wasn't from the Disney Studios. You must understand that for a girl that age at that time, knowing the difference was not important. I remember seeing it like 20 times, I just adored it. The story of Katy was so appealing for me. I loved the end when she finally became a beautiful butterfly. I know it is no "Bug's Life" or "Finding Nemo", but for an 8 year old girl in Panama in 1984 it was wonderful animated entertainment.
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