New Year’s is a time for parties, fun and great traditions, some of which go back more than a century. Among them is the famous “dropping of the ball” in Times Square, an event which is broadcast to millions of people every New Year’s Eve. With 2014 nearly upon us, we thought we’d take the opportunity to look at the history of this popular New Year’s Eve festivity.

The idea began in 1907 at what was then the New York Times building at One Times Square. The newspaper’s owner, Adolph Ochs, had been celebrating the New Year with fireworks since 1903. He wanted make the event even more remarkable, and added the ball in December of 1907 to welcome in the New Year. The first ball was designed by Artkraft Strauss, who made it out of iron, wood, and light bulbs. It took six men to hoist the ball up the building’s flag pole; once midnight struck, the tremendous ball was carefully lowered, and all were allowed to marvel at it.

Since then, the ball has undergone many changes in materials and design, and even the New York Times has moved to another building. But the tradition remains and the ball has dropped over One Times Square ever since. Today, the ball is electronically controlled, and uses LED lamps for its construction: designed by Waterford Crystal and weighing in at over 1,200 pounds.

A number of television broadcasts have helped carry the event over the years, but by far the most famous is “New Year’s Rockin’ Eve,” which first ran in 1972. The show was created and hosted by Dick Clark, who became a staple of the event as much as the ball itself. Clark hosted the show every New Year’s Eve from 1972 until his death in 2012. Since then, it has been hosted by Ryan Seacrest, who shared hosting duties with Clark starting in 2005.

Whether you’re watching the ball drop on TV or have some other New Year’s Eve plan in mind, we here at HB Energy Solutions wish you nothing but the best for 2014. Have a safe and happy New Year!

Holiday greetings from HB Energy Solutions! We hope you are having safe and pleasant season, enjoying your favorite traditions for this time of year. We wish you the very best, and we thank you for your business this year.

In honor of the season, here are some fun facts about one of everyone’s favorite holiday movies: It’s a Wonderful Life.

For years, one of the enduring December traditions in the United States was watching the movie It’s a Wonderful Life playing almost nonstop on numerous television stations. No matter the time of the day, you could turn on the TV set, flip through channels, and discover It’s a Wonderful Life playing. Whenever you needed him, you could find Jimmy Stewart shouting, “Hello, Bedford Falls!”

But now… It’s a Wonderful Life only appears on broadcast television a few times during December, and most families instead choose to watch the movie on video. What happened?

The reason goes back to the film’s initial wide release in January 1947. (That’s right, it opened after the holiday season. It was not even promoted as a holiday film.) It’s a Wonderful Life was a box-office disappointment at the time, and its studio, RKO Radio Pictures, lost more than half a million on it. The movie’s production company, Liberty Films, was sold to Paramount to avoid bank foreclosure. (A bit ironic, considering the movie’s plot.) In 1955, the National Telefilm Associates (NTA) took over the rights to It’s a Wonderful Life, which included the television syndication rights.

However, NTA failed to properly renew the copyright in 1974 because of a clerical error, which allowed the film’s images to enter into the public domain. Although the movie’s plot was still under copyright protection because it was adapted from a published story called “The Greatest Gift,” television stations across the world could now broadcast it with only minimal royalty payments.

In 1993, Republic Pictures, which now owned the NTA library, tried to enforce their claim to the copyright of the film, as they possessed the rights to “The Greatest Gift.” Republic Pictures succeeded, and licensed exclusive television rights to NBC. Suddenly, It’s a Wonderful Life vanished from local television stations, and NBC made the movie’s broadcasts—usually twice during December—into major events. As of 1998, Paramount again has the rights to It’s a Wonderful Life… 43 years after they lost them.

It’s still easy to make It’s a Wonderful Life a part of whatever traditions you observe during the holidays, whether through home video or television broadcasts. Despite its lackluster initial reception in 1947, Frank Capra’s film is now an inseparable part of December in the United States.

Have a great holiday week!