It’s A Wonderful Life NOT getting a sequel

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It’s A Wonderful Life is commonly known as a quintessential classic Christmas movie. The black and white 1940s movie has been loved for decades and for many people watching it is an annual Christmas tradition. So when news broke last week that some independent producers wanted to go ahead and make It’s A Wonderful Life: The Rest of the Story, the internet kinda lost it.

Nobody however, was more upset than Paramount Pictures, who apparently own the rights to It’s A Wonderful Life and were basically like “b!@#*$, please.” Read more below for their official statement.

[via /Film]

“No project relating to ‘It’s A Wonderful Life’ can proceed without a license from Paramount. To date, these individuals have not obtained any of the necessary rights, and we would take all appropriate steps to protect those rights.”

It’s a holiday miracle! Theoretically, if these producers were to make a deal with Paramount and acquire said licenses, the project could move forward — possibly even with Paramount’s backing, but hopefully the major negative backlash about the project will make Paramount hesitant to proceed.