Mai, the Psychic Girl

Beginning in the late 1980s, new wave rock band Sparks attempted to make the Japanese manga Mai, the Psychic Girl into a musical, with interest from Burton and Carolco Pictures, who purchased the film rights in August 1991.

Why It Was Cancelled

 * The option on the film rights eventually expired, and Burton dropped out.
 * Burton would start production in 1992, but he chose to work on The Nightmare Before Christmas and Ed Wood for Touchstone Pictures.

Result
Capitalization of a category name fixed.
 * Francis Ford Coppola later developed the property in the late 1990s. In June 2000, Sony Pictures Entertainment started on a different project with Kirk Wong attached to direct.