Abstract: A layered film of thermoplastic material and method of manufacturing the same are disclosed. The film is defined by a plurality of superposed layers, the material forming a pair of adjacent layers having molecular chains oriented in certain directions which respectively cross each other at an angle in a range of between 5.degree. and 90.degree.. The film is manufactured by heating solid thermoplastic material to its softening point, conveying the viscous molten mass so formed while mechanically working the same to an annular material shaping opening of a rotary die or matrix from which the material is discharged in the form of a tubular segment which is directed into the nip defined by a pair of rotating stretching cylinders which flatten the tubular segment to form the layered film and which are rotated at a speed which tends to orient the molecular chains in an axial or machine direction.