It's a Wonderful Life: The Rest of the Story

It's a Wonderful Life: The Rest of the Story was a planned sequel film to Wonderful Life from 1946. The squel was proposed in 2013, and planned to be shot in 2014, but Paramount rejected.

Plot
Unknown

Why It Was Cancelled

 * 1) The first film bombed at the box office when it was first released.
 * 2) A majority of the cast members are now dead.

Result
The film was permanently cancelled.