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These Beloved Movies Were Originally Massive Flops

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The Wizard of Oz

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It may be one of – if not the most – beloved and nostalgic movies of all time, but The Wizard of Oz was anything but beloved when it was first released in 1939. Due to its high production cost and MGM’s willingness to throw tons of cash at large sets and elaborate costumes, the movie ended up losing about $1 million (which was quite a sum 70 years ago!).

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