#18 The Wizard of Oz (1939) Director: Victor Fleming Stars: Judy Garland, Frank Morgan, Ray Bolger , Bert Lahr, Jack Haley. The Wizard of Oz is a 1939 American musical comedy-drama fantasy film produced by Metro-Goldwyn-Mayer, and the most well-known and commercially successful adaptation based on the 1900 novel The Wonderful Wizard of Oz by L. Frank Baum. Notable for its use of Technicolor, fantasy storytelling, musical score and unusual characters, over the years it has become an icon of American popular culture. It was nominated for six Academy Awards, including Best Picture but lost to Gone with the Wind. It did win in two other categories including Best Original Song for "Over the Rainbow". However, the film was a box office disappointment on its initial release, earning only $3,017,000 on a $2,777,000 budget, despite receiving largely positive reviews. It was MGM's most expensive production at that time, and did not completely recoup the studio's investment and turn a profit until theatrical re-releases starting in 1949. The 1956 broadcast television premiere of the film on CBS re-introduced the film to the wider public and eventually made the presentation an annual tradition, making it one of the most known films in cinema history.The film was named the most-viewed motion picture on television syndication by the Library of Congress who also included the film in its National Film Registry in its inaugural year in 1989. Designation on the registry calls for efforts to preserve it for being "culturally, historically, and aesthetically significant". The Wizard of Oz is often ranked on best-movie lists in critics' and public polls. It is the source of many quotes referenced in modern popular culture.