George Bailey (It's a Wonderful Life) George Bailey (It's a Wonderful Life) George Bailey is a fictional character and the protagonist in Frank Capra's 1946 film "It's a Wonderful Life". The character is a building and loan banker who sacrifices his dreams in order to help his community, to the point where he feels life has passed him by. Eventually, due to a cruel business rival's manipulations, Bailey falls into despair so deep that he contemplates suicide, until his guardian angel, Clarence Odbody, gives him a valuable perspective on the worth of his life. The character was listed ninth on the American Film Institute's 2003 list
It's a Wonderful Life Hal Roach color version was re-released in 1989 to VHS through the cooperation of Video Treasures. A third colorized version was produced by Legend Films and released on DVD in 2007. Throughout the 1980s and early 1990s, when the film was still under public domain status, "It's A Wonderful Life" was released on VHS by a variety of home video companies. Among the companies that released the film on home video before Republic Pictures stepped in were Meda Video (which would later become Media Home Entertainment), Kartes Video Communications (under its Video Film Classics label), GoodTimes Home Video and Video