The sequel, titled “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, who played George Bailey’s daughter “Zuzu” in the original, will return for the “Wonderful Life” sequel as 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.
Grimes, of course, bellowed the iconic line “Every time a bell rings, an angel gets his wings!” in the original movie, about a troubled family man (Stewart) whose near-suicide on Christmas Eve brings on the intervention of his guardian angel.
Farnsworth and Martha Bolton have written the screenplay.
“The storyline of the new film retains the spirit of the original – every life is important as long as you have friends,” Farnsworth said.
No casting decision for the lead role of Bailey’s grandson will be made until February but producers have also begun discussions with original cast members Jimmy Hawkins, who portrayed Tommy Bailey, and Carol Coombs,who played Janie Bailey, to reprise their roles as well.