It was announced earlier this week that Star Partners and Hummingbird Productions are collaborating on a sequel to Frank Capra's iconic 1946 movie "It's a Wonderful Life", which starred Jimmy Stewart and Donna Reed.
But now the Hollywood Reporter says that Paramount, which still has the rights to the film, would "take all appropriate steps" to protect them.
"No project relating to 'It's A Wonderful Life' can proceed without a license from Paramount," a studio spokesperson tells The Hollywood Reporter. "To date, these individuals have not obtained any of the necessary rights, and we would take all appropriate steps to protect those rights."
Hummingbird's Bob Farnsworth said that the rights to 'It's a Wonderful Life' were in the public domain, and that he had written a screenplay with Martha Bolton, a former staff writer on 'Bob Hope's' specials.
"It's a Wonderful Life is about showing a good guy can win. And with Scrooge, you have a person that is not a good guy but he changes. This story is about the amazing human capacity to forgive when we see someone change for the better," Farnsworth said.