<P> Computer Gaming World said in April 1994 that, "The picture quality still has a way to go before it reaches television standards," but was "...a noble effort" that would "please fans of the film ." </P> <P> The film has seen multiple DVD releases since the availability of the DVD format . In the autumn of 2001, Republic issued the movie twice, once in August, and again with different packaging in September of that same year . On October 31, 2006, Paramount released a newly restored "60th Anniversary Edition". On November 13, 2007, Paramount released a two - disc "special edition" DVD of the film that contained both the original theatrical black - and - white version, and a new, third colorized version, produced by Legend Films using the latest colorization technology . On November 3, 2009, Paramount released a DVD version with a "Collector's Edition" ornament, and a Blu - ray edition . </P> <P> The film was twice adapted for radio in 1947, first on Lux Radio Theater (March 10) and then on The Screen Guild Theater (December 29), then again on the Screen Guild Theater broadcast of March 15, 1951 . James Stewart and Donna Reed reprised their roles for all three radio productions . Stewart also starred in the May 8, 1949 radio adaptation presented on the Screen Director's Playhouse . </P> <P> A musical stage adaptation of the film, titled A Wonderful Life, was written by Sheldon Harnick and Joe Raposo . This version was first performed at the University of Michigan in 1986, but a planned professional production was stalled by legal wrangling with the estate of Philip Van Doren Stern . It was eventually performed in Washington, D.C. by Arena Stage in 1991, and had revivals in the 21st century, including a staged concert version in New York City in 2005 and several productions by regional theatres . </P>

Who bought the rights to it's a wonderful life