Still, many are recently finding out about It's a Wonderful Life in color thanks to Amazon, which is currently offering Prime Video subscribers the chance to watch the movie both ways. Watch Its a Wonderful Life Full Movie Watch Its a Wonderful Life Full Movie Online Watch Its a Wonderful Life Full Movie HD 1080p. FRANKLIN, TN (WSMV) Much like The Nutcracker, Franklin Theatre hopes its upcoming show will become a must-see holiday tradition. Watch Its a Wonderful Life Full Movie Watch Its a Wonderful Life Full Movie Online Watch Its a Wonderful Life Full Movie HD 1080p. In 1986, Hal Roach Studios released the motion picture in color, followed by Republic Pictures in 1989 and Legend Films in 2007. The Music Box Theatre is projecting It’s a Wonderful Life onto the big drive-in screen at Chi-Town Movies, 2343 S. 'Its A Wonderful Life' comes to Franklin. Of course, colorized versions of It's a Wonderful Life are nothing new. But many fans who are used to seeing the original black-and-white film are just now discovering that there's also a colorized version of It's a Wonderful Life - and they're not exactly thrilled with it. Since It's a Wonderful Lifewas released in 1946, viewers have enjoyed watching the tale of George Bailey ( Jimmy Stewart) during the holiday season. In a new interview with Yahoo Entertainment, two actors from It's a Wonderful Life, Karolyn Grimes and Jimmy Hawkins, weigh in on the color vs.On Twitter, many folks are shunning the colorized version, claiming that adding color "ruins" the iconic Christmas film.Black-and-white and color versions of It's a Wonderful Life are currently being offered on Amazon Prime Video.