The Wizard of Oz (John Boorman)

The Wizard of Oz is a cancelled film by Action Synthese who was known for making the infamous US dub of The Magic Roundabout called Doogal, the teaser trailer could be seen on Vimeo.

Plot
The premise would have been the same as the 1900 book and the 1939 adaption of the book.

Why It Was Cancelled

 * 1) The only main reason right now is that Action Synthese shut down in 2013 following the fact that this and Doogal 2 were cancelled due to the shut down.

The Result

 * This, Space Goofs and Doogal 2 were cancelled during the shutdown of Action Synthese in 2013.