Loss of copyright
The film’s copyright was not renewed and it entered the public domain; it can be downloaded and viewed for free online.[13] Prior to it entering the public domain, the film was widely available from a number of discount/public domain distributors. Suddenly was colorized for home video by Hal Roach Studios in 1986, rendering Sinatra’s blue eyes brown.[14] A remastered colorized version by Legend Films was released to DVD on June 16, 2009, which also includes a newly restored print of the original black and white film.[15]
Serge Bromberg, a film preservationist based in Paris, completely restored the film from a camera negative for Lobster Films, which released it in 2018.
source
This is the year 2008. Not 1986.