The Wizard of Oz opened in theaters around the United States – introducing the film that I would ruin 3 video tapes of by over-watching it as a small child.
“Although it received largely positive reviews, won two Academy Awards, and was nominated for Best Picture of the Year (losing to Gone with the Wind), The Wizard of Oz was initially a box office failure. The film was MGM’s most expensive production up to that time, but its initial release failed to recoup the studio’s investment. Subsequent re-releases made up for that, however. “Over the Rainbow” won the Academy Award for Best Original Song and the film itself received several Academy Award nominations.”