== Release ==
Reviews were overwhelmingly positive.refref The critic from the Sydney Morning Herald claimed that "there have been some good Australian films before this one, but Forty Thousand Horsemen has every right to be regarded as the first really great Australian picture."ref
It was a massive success at the box office, grossing £10,000 within its first three weeks of release, enabling Famous Features Ltd to buy out the interest of the New South Wales government for £15,000.refref The film was seen by 287,000 in Sydney alone during a ten week run on first release.ref
Female lead Betty Bryant was sent to Singapore for the film's premiere in June 1941. While there she met MGM executive Mauriece Silverstein who she would later marry, leading to her retirement from acting.ref
The movie was released in the USA by Sherman S. Krellberg for [[Monogram Pictures]] and was very well received.refref
It earned over ₤40,000 in the UK.<ref name="hall">{{cite news |url=http://nla.gov.au/nla.news-article98350463 |title=THE RESEARCH BUREAU HOLDS AN AUTOPSY. |newspaper=|location=Brisbane) (Qld. |date=17 February 1952 |accessdate=28 April 2013 |page=11 |publisher=National Library of Australia}}</ref>
In 1954 the film was cut down to 50 minutes for screening on US television.ref