Stephen King publishes the novella on which the movie is based, featured in his collection 'Different Seasons'.
Principal photography for the movie begins in Maine and Ohio.
The film directed by Frank Darabont is released in US theaters.
The movie is nominated for 7 Oscars including Best Picture and Best Actor.
Despite modest box office performance, the film gains widespread acclaim and popularity via video rentals and television broadcasts.
Andy Dufresne is convicted of murdering his wife and her lover and is sentenced to two consecutive life terms at Shawshank State Penitentiary.
Andy arrives at Shawshank Prison and meets Red, the narrator and fellow inmate, forming the foundation of their friendship.
Andy uses his banking skills to help the prison guards and officers with their tax returns, gaining favor and privileges.
Andy petitions the state to expand and improve the prison library, which becomes a beacon of hope and education for inmates.
Tommy Williams, a young inmate, arrives at Shawshank and later reveals new evidence that could prove Andy's innocence.
The Warden refuses to act on Tommy's evidence proving Andy's innocence, threatening Andy and maintaining control.
After years of meticulous planning, Andy escapes Shawshank through a tunnel he dug behind his cell wall, escaping justice and starting a new life.
Following Andy's escape, the Warden's illegal activities are investigated and exposed, leading to his downfall.
Red is finally paroled after decades and travels to meet Andy in Zihuatanejo, fulfilling their promise of hope and freedom.