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The working titles of this film were The Golden Goose and No Room for the Groom, the latter of which was also the release title of a 1952 Universal production (see below). In October 1948, Hollywood Reporter noted that independent producer John Beck had purchased Robert Harari's original screen story, entitled "The Golden Goose," for production by his company, Westwood Corp. According to a January 1949 Hollywood Reporter news item, Beck assigned William Bowers to write the screenplay, but it is unlikely that Bowers contributed to the finished screenplay of A Millionaire for Christy. In September 1950, Daily Variety reported that Beck sold Harari's story to fellow independent producer Bert E. Friedlob.
A February 1951 Hollywood Reporter news item includes Dolores Parker in the cast, but her appearance in the completed picture has not been confirmed. According to Hollywood Reporter news items, portions of the picture were filmed on location at Ocean House in Santa Monica, CA. Although an April 1951 Hollywood Reporter news item speculated that RKO would "take over the bank loan and completion money" on the picture and release it instead of Twentieth Century-Fox, Fox did secure the distributing rights to the picture. In April 1951, Daily Variety reported that Friedlob, who still owed salary to Fred MacMurray and Eleanor Parker for the production, was under investigation by the Screen Actors Guild for releasing A Millionaire for Christy for television broadcast without securing royalties for the actors. The outcome of the investigation has not been determined.