“It’s A Wonderful Life” — Sequel or No Sequel?

For anyone who’s a fan of the 1946 movie “It’s A Wonderful Life” starring Jimmy Stewart, there’s good news and bad news.

First the good news – on Monday, Star Partners and Hummingbird Productions announced plans for a sequel to the movie “It’s A Wonderful Life,” and the sequel’s planned release is slated for Christmas 2015.

Titled "It's a Wonderful Life: The Rest of the Story," the movie will focus on the grandson of George Bailey, the suicidal banker whose hope is restored by an angel on Christmas Eve in the 1946 film. In the sequel, the character's grandson will experience a similar crisis.

Now, here comes the bad news – a studio spokeswoman said Wednesday that Paramount would fight the proposed follow-up to the 1946 holiday classic.

"No project relating to 'It's A Wonderful Life' can proceed without a license from Paramount," the studio said in a statement to the Associated Press. "To date, these individuals have not obtained any of the necessary rights, and we would take all appropriate steps to protect those rights."

Out of curiosity, I would like to pose the following question – should there be a sequel to “It’s A Wonderful Life”? Why or why not?