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‘It’s a Wonderful Life’ Turns 79: From Box-Office Letdown to Christmas Classic

A 1974 public-domain lapse put the film on free holiday TV rotation, cementing its status.

Overview

  • The film premiered on Dec. 20, 1946 at the Globe Theater in New York City.
  • Early performance was weak despite five Academy Award nominations, including Best Picture and Best Actor for James Stewart.
  • A reported 1974 lapse into the public domain allowed repeated, no-fee television broadcasts that built its mass audience.
  • A 1947 FBI memo labeled the portrayal of a greedy banker as possible “Communist propaganda,” a historical footnote that went nowhere.
  • Production and legacy notes include pioneering artificial snow effects, scenes filmed at Beverly Hills High School, and Stewart later donating personal papers to BYU.