Metro-Goldwyn-Mayer "The Wonderful Wizard of Oz", which MGM did on June 3, 1938, from Sam Goldwyn for $75,000. Hits in 1939 included "The Wizard of Oz", "Boys Town" and "Gone with the Wind", starring Vivien Leigh as Scarlett O'Hara and Clark Gable as Rhett Butler. Although "Gone With the Wind" was produced by Selznick International Pictures, it was distributed by MGM as part of a deal for producer David O. Selznick, Mayer's son-in-law, to obtain the services of Gable as well as financial assistance to complete the film. While "The Wizard of Oz" was a critical hit, the film took 20
Gone with the Wind (film) at "popular" prices. Along with its distribution and advertising costs, total expenditure on the film was as high as $7 million. In 1942, Selznick liquidated his company for tax reasons, and sold his share in "Gone with the Wind" to his business partner, John Whitney, for $500,000. In turn, Whitney sold it on to MGM for $2.8 million, so that the studio owned the film outright. MGM immediately re-released the film in spring 1942, and again in 1947 and 1954; the 1954 reissue was the first time the film was shown in widescreen, compromising the original Academy ratio and cropping