James Stewart, center, is reunited with his wife, Donna Reed, left, and children during the last scene of Frank Capra's "It's A Wonderful Life". (AP Photo)
Paramount won't be giving any wings to a planned "It's a Wonderful Life" sequel.
A studio spokeswoman said Wednesday no project relating to "It's a Wonderful Life" can proceed without a license from Paramount, which owns the film's rights.
Star Partners and Hummingbird Productions announced plans Monday to create a sequel based on the 1946 holiday classic starring Jimmy Stewart and Donna Reed. Hummingbird Productions president Bob Farnsworth told Variety that "It's a Wonderful Life: The Rest of the Story" was set for release in 2015 and would star Karolyn Grimes from the original film.
Paramount said individuals involved with the sequel have not obtained any of the necessary rights, and the studio would take all appropriate steps to protect those rights.
Farnsworth did not immediately return messages seeking comment.