This film was a success at the box office, earning MGM a profit of $240,000 ($4.1M in 2017) according to studio records.
This was an adaptation of a Broadway play titled "White Collars" by Edith Ellis. The original stage production opened at the Cort Theatre in New York on Feb. 23, 1925 and ran for 104 performances. There was an earlier film adaptation called The Idle Rich (1929) starring Conrad Nagel, Bessie Love, Leila Hyams and Robert Ober.
In Sept. 1938, M-G-M distributed this film on a double bill with Three Loves Has Nancy (1938) starring Janet Gaynor, Robert Montgomery and Franchot Tone'. The tag line said "Comedy swings to a new high in these two romantic M-G-M hits!"
This film's initial television broadcast in Philadelphia took place Friday 6 December 1957 on WFIL (Channel 6), followed by Los Angeles 14 March 1958 on KTTV (Channel 11) and San Francisco 29 May 1960 on KGO (Channel 7).
The film had two titles whilst in production, "White Collars", after the play on which it was based, and "It's Now or Never.