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According to the Variety review, Paramount bought the screen rights to Pagnol's play, but, feeling the story was not "appropriate for American audiences," gave up the American rights to RKO, preferring to make a version in French for foreign distribution only. According to a Variety news item, Robert Benchley was to "adapt the dialog" on the production, but his contribution to the final film has not been confirmed. Myrna Loy was on loan from M-G-M for this production. Although Frank Morgan played the title role in the Broadway production of Topaze and was under contract at RKO at the time of filming, he was passed over for the part, according to Variety. A Film Daily news item announced that Paul Porcasi and Raymond Borzage were cast in the film, but their participation in the final film has not been confirmed.
Inter-office RKO memos indicate that Topaze grossed a record-breaking $93,000 in its one-week run at the Radio City Music Hall. According to the MPPA/PCA Collection at the AMPAS Library, Topaze was rejected and denied re-issue certification by the PCA in 1936. The film was selected as one of the National Board of Review's ten best films of 1933. Pagnol's play has been filmed many times, including the 1932 Paramount French production, directed by Louis Gasnier and starring Louis Jouvet; a 1933 Egyptian production called Yacout Effendl; a 1936 French version, directed and written by Pagnol and starring Arnaudy; and a 1961 British production, I Like Money (Mr. Topaze), directed by and starring Peter Sellers.