Wikiviews/Why Aren't There Much Nutcracker Adaptations?

(Shows Nolan watching the nutcracker suite from Fantasia)
Nolan: Merry Christmas Everyone. I believe Dillon's on holiday so best to lead me on a bizarre question after rewatching The Nutcracker.
(shows images of the christmas movies)
Nolan: Let's be honest there have been a ton of beloved adaptations of christmas specials. 
(Shows A Christmas Carol)
Nolan: (VO): Christmas Carol has the same story each year except some are good like Muppet Christmas Carol, Mickey's Christmas Carol and then there's confusing ones like Jim Carrey's A Christmas Carol and The Christmas Carol FX made with Guy Pearce and Andy Serkis.
(shows image of Rudolph The Red-Nosed Reindeer)
Nolan: (VO): Rudolph not only has the classic one. But he also has a short cartoon from 1948. Two Sequels one focusing on New Years and a crossover with Frosty the Snowman, An underrated 1998 animated film, A Sequel to the Rankin Bass classic with Rick Moranis, And A 3D Computer-Animated film helmed by Disney.
(cuts back to Nolan looking at the computer animated one)
Nolan: Oh sorry that last ones mine (throws it out)
Nolan: (VO) And then there is one story that not only gets overlooked a ton. but really needs more adaptations in my opinion...The Nutcracker. Now the nutcracker has only one big forgetful movie helmed by Disney...And then we had some with an Albert Einstien Nathan Lane and a David Bowie looking rat with Nazi's in it. 
So it really brings the question...
(Cuts back to Nolan)
Nolan: Why isn't there much adaptations of The Nutcracker?