 A deal was struck in which the rights were returned to Turner Entertainment and CBS's broadcast rights to "The Wizard of Oz" were extended.The film was used to launch two cable channels owned by Turner Broadcasting System, Turner Network Television (1988) and Turner Classic Movies (1994).The film debuted on videocassette in March 1985, where it placed second in the sales charts, and has since been released on DVD and Blu-ray Disc formats.