Christmas would be just a little less joyful if it wasn’t for “It’s a Wonderful Life,” which did get multiple Oscars nods in 1946. However, it was up against “The Best Years of Our Lives,” a film about U.S soldiers returning home from WWII. Largely due to its timing, “Wonderful Life” didn’t really stand much of a chance.
While the film, Jimmy Stewart and director Frank Capra were Oscar nominees, Donna Reed wasn’t. Despite the charm and humanity she brought to Mary Bailey, she was not only snubbed by the Academy but by Stewart himself.
When it was initially released, the film was a box office bomb and was largely forgotten about until it aired on TV in the mid-1970s. According to her daughter, Mary Anne Owen, it was one of Reed’s first roles, and Jimmy Stewart blamed her for its failure: “[He] couldn’t understand why the movie didn’t do well, but that’s why they never did another movie together. He blamed her because she wasn’t as well known.”