LOS ANGELES -- 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 licence 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. 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.
-- The Associated Press