ðə kˈʌmpəni ɐnˈaʊnst ɪn noʊvˈɛmbɚ nˈaɪntiːnhˈʌndɹɪd fˈoːɹɾi fˈaɪv ðæt ɪts fˈɜːst pɹədˈʌkʃən wʊd biː dʒˈeɪmz stˈuːɚt ɪn ɪts ɐ wˈʌndɚfəl lˈaɪf, pɹədˈuːst ænd dᵻɹˈɛktᵻd baɪ kˈæpɹə.
The company announced in November 1945 that its first production would be James Stewart in It's a Wonderful Life, produced and directed by Capra.