RKO studio chief Charles Koerner urged Frank Capra to read "The Greatest Gift". Capra's new production company, Liberty Films, had a nine-film distribution agreement with RKO. Capra immediately saw its potential, and wanted it for his first Hollywood film after making documentaries and training films during the war. RKO sold him the rights for $10,000 and threw in the three earlier scripts for free. (Capra claimed the rights and the scripts cost him $50,000.) Capra salvaged a few scenes from Odets' earlier screenplay and worked with writers Frances Goodrich and Albert Hackett, Jo Swerling, Michael Wilson, and Dorothy Parker (brought in to "polish" the script), on many drafts of the screenplay.