Desc: Champagne Waltz: Directed by A. Edward Sutherland. With Gladys Swarthout, Fred MacMurray, Jack Oakie, Veloz. Champagne Waltz is one of five movies produced by Paramount in the 1930s featuring Gladys Swarthout, a very popular Metropolitan Opera mezzo-soprano. The studio was attempting to build on the popularity of Grace Moore, another opera singer, who had also expanded her talents into movies.