Pinocchio II

Pinocchio II was the planned sequel to the Disney animated film Pinocchio.

Plot
Sometime after the first film, Pinocchio is now a real boy and is now on a journey to learn more about life as it is. The film would later have Pinocchio ask why life is sometimes unfair.

Why It Was Cancelled

 * 1) John Lasseter became CEO of Walt Disney Animation Studios.
 * 2) Disney cancelled all future direct-to-DVD sequels in 2007.

Result
It was shelved and will probably remain so from now on