The Velveteen Rabbit was a planned film adaptation of the book of the same name. It was to be directed by Don Bluth and Gary Goldman.
A stuffed rabbit is given to a boy as a Christmas present. Through the boy's love, the rabbit begins to desire for a chance to be real.
Why It Was Cancelled
As of right now, there are no known reasons as to why the movie was cancelled.
The film was permanently cancelled.