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.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app