Although the record has since been broken many times over, The Wizard of Oz's theatrical release was MGM's most profitable up to that time.
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Although the record has since been broken many times over, The Wizard of Oz's theatrical release was MGM's most profitable up to that time.
As strange as it seems, The Wizard of Oz barely turned a profit at first, mostly due to its $2.7 million budget. Re-releases and TV broadcasts account for most of its revenue.
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