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You can buy "Broadway Melody of 1938" on Apple TV, Amazon Video, Google Play Movies, YouTube, Vudu as download or rent it on Apple TV, Amazon Video, Google Play Movies, YouTube, Vudu online.
Steve Raleight wants to produce a show on Broadway. He finds a backer, Herman Whipple and a leading lady, Sally Lee. But Caroline Whipple forces Steve to use a known star, not a newcomer. Sally purchases a horse, she used to train when her parents had a farm before the depression and with to ex-vaudevillians, Sonny Ledford and Peter Trott she trains it to win a race, providing the money Steve needs for his show.