In just about every case, the third party involved in the transaction will receive some sort of compensation, either in the form of a flat rate or fee or a percentage of the total value of the transaction.
Capra became one of America's most influential directors during the 1930s, winning three Oscars as Best Director. Among his leading films was It Happened One Night (1934), which became the first film to win the . Big Five Academy Awards , including Best Picture.
Story editor Irene Diamond convinced producer Hal B. Wallis to purchase the film rights to the play in January 1942. Brothers Julius and Philip G. Epstein were initially assigned to write the script. However, despite studio resistance, they left to work on Frank Capra 's Why We Fight series early in 1942.