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According to September 1932 studio memos, RKO proceeded with this film only after Columbia Pictures decided to drop its production of The Double, which was based on John Weld's novel Stunt Man. Weld was considered briefly by the studio as a screenwriter for Lucky Devils. Story writer Bob Rose was a real-life stuntman, according to reviews. Many reviews incorrectly list Phyllis Fraser's character as "Midge" or "Midget." A Film Daily news item stated that Billy Gratton played "Skipper" and "Fran's" newborn son in the production, but his participation in the final film has not been confirmed.