
Luckily, for Walt Disney, Cinderella became one of Disney’s best-loved films and one of the highest-grossing features of 1950. Disney had not had a huge hit since Snow White and the Seven Dwarfs (1937). At the time, his studio was over $4 million in debt and was on the verge of bankruptcy. The production of this film was regarded as a major gamble on Disney’s part. At a cost of nearly $3,000,000, Disney insiders claimed that if this movie had failed at the box office, it would have been the end of the Walt Disney Studios. Cinderella received overwhelmingly critical acclaim and many international film honors, including three Academy Award nominations. Much like Cinderella herself, the Walt Disney Studios had its own rags to riches story, which eventually propelled them back to greatness and prominence after years of misfortune.
*Parts of this article were taken from history.com and imdb.com.
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