According to studio records, this film lost $1,797,000 for MGM ($19.4M in 2016 dollars). This was the first film produced by Joe Paternak at MGM to lose money.
The $95.50 for the hat equates to around $1,200 in 2021.
The source novel "La mort du cygne" (Death of the Swan) had previously been made into a beautiful French film ten years earlier, tt0143749, with all the dancers' parts, including all the children, played by trained ballet dancers.