'It's A Wonderful Life 2' Gets The Quick Axe

For those of you who were excited about (or disappointed by) the news of a sequel to It's a Wonderful Life then go ahead and get those thoughts out of your head now.  The film was thought to be in public domain, but as it turns out, Paramount still owns any and all rights to the film so any sequel would have to go through them -- which they have absolutely no interest in.

So, yeah...not happening.