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Update wonderful.md
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westland committed Jan 2, 2024
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The American Film Institute called it one of the best films ever made – It’s a Wonderful Life (1946), directed by Frank Capra and based on an original story, The Greatest Gift, written by Philip Van Doren Stern in 1939. Capra bought the script for $10,000 from RKO Pictures who were so anxious to unload the project that they gave Capra three more scripts for free.

Shot in the spring of 1946, It’s a Wonderful Life opened to moderate commercial and critical success. Over time, various mergers and acquisitions eventually put the film in National Telefilm Associates’ library, where through a 1974 clerical error the copyright was not renewed. Once it entered the public domain, many television sta- tions began airing the film without paying royalties.
Shot in the spring of 1946, It’s a Wonderful Life opened to moderate commercial and critical success. Over time, various mergers and acquisitions eventually put the film in National Telefilm Associates’ library, where through a 1974 clerical error the copyright was not renewed. Once it entered the public domain, many television stations began airing the film without paying royalties.

The stations were in fact in error in believing that It’s a Wonderful Life was out of copyright – it was more

properly half in and half out. Although the film’s images had entered the public domain, the film’s story was still protected by virtue of it being a derivative work of the published story, The Greatest Gift, whose copyright had been properly renewed by Philip Van Doren Stern in 1971. By the 1980s (the beginning of the home video era) the film had become a perennial Christmas favou- rite and was shown multiple times on multiple stations throughout the holiday season.
The stations were in fact in error in believing that It’s a Wonderful Life was out of copyright – it was more properly half in and half out. Although the film’s images had entered the public domain, the film’s story was still protected by virtue of it being a derivative work of the published story, The Greatest Gift, whose copyright had been properly renewed by Philip Van Doren Stern in 1971. By the 1980s (the beginning of the home video era) the film had become a perennial Christmas favou- rite and was shown multiple times on multiple stations throughout the holiday season.

The film’s accidental public domain success is often cited as a reason to limit copyright terms. Frank Capra commented that ‘it’s the damnedest thing I’ve ever seen. The film has a life of its own now and I can look at it like I had nothing to do with it. I didn’t even think of it as a Christmas story when I first ran across it. I just liked the idea.’

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