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By the mid-1950s, the revenue available from selling old films to television surpassed far surpassed the available revenue from reissuing old films theatrically. This table compares the Warner Bros. film library's TV earnings to reissue earnings.

Hollywood Vault is the story of how the business of film libraries emerged and evolved, spanning the silent era to the sale of feature libraries to television. Eric Hoyt argues that film libraries became valuable not because of the introduction of…