Superman V

Superman V was a planned sequel to Superman IV: The Quest For Peace and was to be distributed by Warner Brothers and co-distributed by Cannon Films. It was scheduled for a 1989 release. The film was going to be directed by Albert Pyun.

Plot
Unknown.

Why It Was Cancelled

 * 1) Superman IV: The Quest For Peace flopped at the box office and was panned by critics, audiences and fans.
 * 2) Christopher Reeve refused to work on another Superman film after working on Superman IV: The Quest For Peace.
 * 3) Warner Bros. didn't want to get into another budget dispute with Cannon Pictures.
 * 4) Following a string of other failures, Cannon Films was losing money and went out of business in 1994.
 * 5) Warner Bros. did not want Cannon Films to get the rights of the Superman property if it were rebooted or got a new sequel. Thankfully, that never happened since Cannon went out of business.

Results

 * There are four Superman films in the original franchise.
 * Superman V was permanently cancelled.
 * The Superman series was rebooted in 2006 with Superman Returns.