The Crimson Eagle

The Crimson Eagle was the proposed third movie to Romancing the Stone franchise: the first film of the same name was released in 1984, and was followed by a sequel, The Jewel of the Nile in 1985.

Plot
Jack Colton and his partner Joan Wilder take their two teenage children to Thailand where they would find themselves blackmailed into stealing a priceless statue.

Why It Was Cancelled
1. The film was cancelled due to the negative reception of The Jewel of the Nile.

Result

 * 1) The film was permanently cancelled.