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'It's a Wonderful Life' getting a sequel after 67 years

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Frank Capra's beloved 1946 holiday classic 'It's a Wonderful Life', about a suicidal family man being saved by an angel, is getting a sequel 67 years after its release.

Starring Jimmy Stewart and Donna Reed, the original film revolved around an do-gooder familyman, who decides to jump off a bridge after facing several adversities, thinking his life has been useless only to be inturrupted by an angel, who shows him otherwise.

Its sequel, "It's a Wonderful Life: The Rest of the Story", is being financed by Allen J Schwalb of Star Partners who will also produce along with Bob Farnsworth of Hummingbird. The duo are aiming to get the movie into theaters for the 2015 holiday season.

Karolyn Grimes, 73, who played Stewart's character George Bailey's daughter 'Zuzu' in the original, will return for the sequel as an angel, reported the Wrap.

The film, which has a proposed budget for USD 30 million, is yet to find a director. The script has been penned by Bob Farnsworth and Martha Bolton, who used to write for Bob Hope.

Grimes will return to the film as an angel, who has to guide George's grandson through a similar crisis.

However, in a twist, the new George Bailey is unpopular and Aunt Zuzu shows him how much better the world would be if he'd never been born.

"Our new film will continue the classic story of George Bailey and his family for an entirely new generation of moviegoers," said Allen J Schwalb of Star Partners.

Paramount currently owns the copyright to the original Capra film and its characters.

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