Godzilla (Jan de Bont)

Before Rolland Emmerich was attached to direct Godzilla, Jan de Bont, the director of Speed and Twister wanted to direct the film, but the studio said it cost too much. The film was scheduled for a 1994 or 1996 release.

Plot
The plot would have been the same as the 1998 film.

Why It Was Cancelled

 * 1) The only known reason why the film was cancelled is because the studio didn't accept the offer that Jan de Bont gave to make the film.

Result

 * Jan de Bont decided to direct Twister with Bill Paxton and Helen Hunt (made by Universal and Warner Brothers) and Speed 2: Cruise Control after being contractually obligated by 20th Century Fox to make a sequel to Speed.
 * Rolland Emmerich directed the Godzilla film instead.