The holidays wouldn’t be the same without a rewatching of the classic 1946 film, 'It's A Wonderful Life,' starring Jimmy Stewart and Donna Reed.

Channel 3 will air the holiday classic Christmas Eve at 8:00pm.

The beloved Frank Capra film was a flop at the box office, losing over one-half million dollars when it was first released.

The ownership of the film changes hands several times, moving from Capra's Liberty Films to Paramount, which later reportedly sold it to Republic Films.

The movie slipped into the public domain in 1974 when Republic neglected to file the necessary paperwork to retain the original copyright. That's when seemingly every television station showed the Christmas classic, which built a faithful audience for the once-obscure film.

But luckily, Republic still owned the copyright to the film's original story, which allowed them to re-establish control of the movie and ink a long-term deal with NBC, which was given the exclusive broadcast rights in 1994.

Enjoy! And Merry Christmas!