Its a tradition to watch Its a Wonderful Life around the holidays each year and although it was a favorite movie of both director Frank Capra and leading actor James Stewart it wasn't a highly regarded movie until much later. "It was actually a box-office flop at the time of its release, and only became the Christmas movie classic in the 1970s due to repeated television showings at Christmas-time when its copyright protection slipped and it fell into the public domain in 1974 and TV stations could air it for free."
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