The ultimate Christmas movie that ruined its production company - the story behind It's A Wonderful Life
Throughout the day, we're bringing you the stories behind the classic Christmas movies and songs that are bound to accompany you today...
The next classic Christmas movie is deemed one of the best films ever made - but spelt trouble for the producers: It's A Wonderful Life.
First released 20 December 1946
What's it about
A positive spin on the classic A Christmas Carol theme: an angel shows a failing business owner an alternative reality in which he never existed, helping him through suicidal thoughts on Christmas Eve.
The story behind the film
After a major studio failed to make the original short story into a movie, Frank Capra, an influential director, took on the project with his new production company Liberty Films.
Capra and his leading actor, James Stewart, went through dark periods during production, echoing the darkness of the protagonist.
Stewart had come back from serving in the Second World War. Capra was haunted by anxiety and fell out with the screenwriters.
The feud, crew turnover and Capra's insistence on high production value, including specifically designed fake snow, may be why the movie went massively over budget.
The impact
The film is now universally acclaimed: the American Film Institute named it among the 100 best US movies; it's among Steven Spielberg's all-time favourites; in polls, it always ranks highly among the UK's favourite festive films.
At first, it was more of a flop, however.
Critics called out its "sentimentality". The film's proceeds undershot its unusually large production budget of more than $3m.
Kimberley Sheehan, lead film programmer at the BFI Southbank, said it was overshadowed by The Best Years of Our Lives, a timelier movie about US servicemen coming home from the Second World War.
Liberty Films only managed to make one more movie before Capra sold it over its failure to recover costs for both. His career never recovered from the downturn: It's A Wonderful Life is deemed his last acclaimed film.
It really only became a Christmas movie when its copyright expired in the 1970s.
"During this time, TV networks, eager for cheap holiday-themed films, began to play it during the holiday season," Sheehan says.
"The film had a revival and soon became a yearly tradition for many audiences."
Why it's a Christmas classic
The movie "endured because its themes of community versus capitalism, and the fragility of mental health during the holidays have only deepened with age", Sheehan says.
"It's a very human story, and it's a well-constructed film with lots of subtle setups in the first half, that pay off in the second half. It has a very sentimental and uplifting ending, but it earns it. That and Jimmy Stewart is simply one of the greatest performers of all time!"