The Wizard of Oz, a film that was released in 1939, is still, for many, a household favorite. In fact it’s one of the most famous films ever made. Did you know when it was released it was a box office flop? It was one of the most expensive productions of its time and yet it failed to recoup the studio’s investment. Subsequent re-releases of the film did make up for it and it was nominated for six Academy Awards only losing out to “Gone with the Wind” for best picture.