This film DID get a theatrical release, but it quickly disappeared. It's unfortunate, because it's very thoughtful film. As a director, Caan made some interesting choices.
As a side note, I saw Caan discussing it in an interview a long time ago. He said the studio had no faith in the film, so they dumped it without much advertisement. And then they were shocked when it received great reviews. But by then, it was already dead. He also mentioned that the pan & scan version that was on TV changed a lot of wide-screen two shots into separate shots! I'm not sure if the same thing happened with the VHS, but I'll bet it did. Hopefully, a proper version will come out on DVD one of these days.
As a side note, I saw Caan discussing it in an interview a long time ago. He said the studio had no faith in the film, so they dumped it without much advertisement. And then they were shocked when it received great reviews. But by then, it was already dead. He also mentioned that the pan & scan version that was on TV changed a lot of wide-screen two shots into separate shots! I'm not sure if the same thing happened with the VHS, but I'll bet it did. Hopefully, a proper version will come out on DVD one of these days.