Where do you start and what is the movie going to be about? How do you follow one of the most iconic movies ever?

According to Entertainment Weekly, it was announced in 2013 that the revered holiday classic 'It's a Wonderful Life' was up to get a sequel called 'It's a Wonderful Life: The Rest of the Story.' Star Partners and Hummingbird Prods. said they were ready to move forward.

For years people watched George Bailey spend his life helping others, only to find himself suicidal and wanted by the police after a financial calamity at the family’sol’ savings and loan. To keep him from jumping off a bridge, an angel-in-training named Clarence shows him that all his good deeds haven’t been in vain.

Star Partners and Hummingbird Productions said they wanted to show what happened after George got his family back and realized he was the “richest man in town.” In a press release for the project, which was first reported by Variety, the filmmakers had set 2015 as the release date and promised they would show what happened to the $8000 that uncle Billy left with Mr. Potter. The film would even start Zuzu (George Bailey's Daughter played by Karolyn Grimes. She would play an angel who shows Bailey's unlikeable grandson (also named George Bailey) how much better off the world would have been had he never been born.

Variety said that Paramount had not granted anyone the rights to work on it saying “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.”

So, the answer is, NO, there is not a sequel.

Here's SNL with their take on the ending.