It’s A Wonderful Life: How A Copyright Mistake Turned A Box Office Flop Into A Christmas Classic

There are very few films that feel as tied to the holidays as Frank Capra’s ‘It’s a Wonderful Life’. Yet in 1946, audiences largely shrugged. According to WRAL, the film lost $525,000 on release, and the losses helped take down Capra’s Liberty Films. It earned just above $21,000

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