Treasure Planet 2

Treasure Planet 2 was a planned sequel to Treasure Planet. It was intended to be directed by Jun Falkenstein.

Plot
Jim Hawkins and Kate, his love interest and classmate at the Royal Interstellar Academy, must team up with Long John Silver to stop the villainous Ironbeard from freeing the inmates of Botany Bay Prison Asteroid.

Why It Was Cancelled
The original film, while generally well received, proved to be a massive box office disappointment.

Result
Because of the poor box office results, there did not seem any reason to proceed with the sequel or television series intended to follow afterwards.