Without question, Disney has been the gold standard in animation since the release of its first full-length feature film Snow White and the Seven Dwarfs in 1937. Disney Animation and Pixar have both cancelled projects in the past, such as Pixar's Newt (due to story similarities with Rio) and Disney's King of the Elves.
"It is impossible to know, when we start a project, how the creative process will evolve and, a few times, regardless of the passion that inspires us, or our love of the topic, it simply does not work".
Huge was supposed to be the next Disney Animated feature after Frozen 2, which we now know is dropping in 2019 alongside Disney's live-action remake of The Lion King.
Upcoming for Disney Animation is Ralph Breaks the Internet: Wreck-It Ralph 2 on November 21, 2018 and Frozen 2 on November 27, 2019. This is where their then-upcoming feature very big comes in, which we are sad to report has been canceled. According to THR, Catmull delivered news of the film was being pulled from the development, and another would be taking its place on the release schedule. The updated spin on the classic fairy tale would have found Jack befriending a female giant and was being developed with Tangled helmer Nathan Greno and Inside Out co-writer Meg LeFauve on board to co-direct.
Apparently the studio got to the point where the creative process has hit a wall and they are "ending active development for now".
Catmull also mentions that Disney will be focusing on "another project that has been in the works, which we'll be sharing more about soon, now set for Thanksgiving 2020".
With all the works that come out each week, it could be wrong to believe that the cinema has become a discipline that is easy and you just have to snap your fingers to lead a project.