This was one of the most lavishly produced Warner Brothers shorts of its era, featuring elegant costumes, expensive sets and special photographic effects, all filmed in beautiful three-strip Technicolor.
This short was produced toward the tail end of Shirley Temple's reign as Hollywood's #1 box office star, and it's reasonable to assume it was made to showcase young talent that Warner Brothers may have thought had a shot at replicating Temple's success.
At the time he starred in this, Scotty Beckett (Prince Charming) had already appeared in numerous Our Gang shorts, and would later go on to co-star with Elizabeth Taylor and Jane Powell in the M-G-M musical A Date with Judy.
Vitaphone production reels #9778-9779.