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This is a featured picture on the English language Wikipedia (Featured pictures) and is considered one of the finest images. See its nomination here. This is a featured picture on the Chinese language Wikipedia (特色图片) and is considered one of the finest images. See its nomination here.
If you think this file should be featured on Wikimedia Commons as well, feel free to nominate it.
If you have an image of similar quality that can be published under a suitable copyright license, be sure to upload it, tag it, and nominate it.
A search of U.S. copyright renewal records both generally and with a specific focus on 1986 and 1987 reveals that neither Distributors Corporation of America nor any asignee renewed any copyright to this advertisement or any collection of advertisement or any collection of material that might encompass this advertisement as would have been required to maintain copyright protection, if any.
There is no evidence that Distributors Corporation of America or any asignee claims copyright on the image.
Note that it may still be copyrighted in jurisdictions that do not apply the rule of the shorter term for US works (depending on the date of the author's death), such as Canada (70 years p.m.a.), Mainland China (50 years p.m.a., not Hong Kong or Macao), Germany (70 years p.m.a.), Mexico (100 years p.m.a.), Switzerland (70 years p.m.a.), and other countries with individual treaties.