The Fantastic Four is an unreleased 1994 superhero film based on the Marvel Comics superhero team of the same name, created by Stan Lee and Jack Kirby. The film features the team’s origin and first battle with Doctor Doom. Executive-produced by low-budget specialists Roger Corman and Bernd Eichinger, it was made to allow Eichinger to keep the Fantastic Four film rights. …

In 1983, German producer Bernd Eichinger met with Marvel Comics’ Stan Lee at Lee’s Los Angeles home to explore obtaining an option for a movie based on the Fantastic Four.[1] The option was not available until three years later, when Eichinger’s production company Constantin Film obtained it for a price the producer called “not enormous” and which has been estimated to be $250,000.[2] Despite some interest from Warner Bros. Pictures and Columbia Pictures, budget concerns precluded any production, and with the option scheduled to expire on December 31, 1992, Constantin asked Marvel for an extension. With none forthcoming, Eichinger planned to retain his option by producing a low-budget Fantastic Four film.[2] In September 1992, he teamed with B-movie specialist Roger Corman, who agreed to produce the film on a $1 million budget, to be released by his distribution company New Horizons Pictures.[2] …

A 1993 magazine article gave a tentative release date of Labor Day weekend 1993.[9] During that summer, trailers ran in theaters and on the video release of Corman’s Carnosaur and Little Miss Millions. The cast members hired a publicist, at their own expense, to help promote the film at a clips-screening at the Shrine Auditorium in Los Angeles and at the San Diego Comic-Con International, and the film appeared as a cover story on an issue of Film Threat magazine. …

Suddenly, the premiere was halted, the actors received a cease and desist order on all promotion from the producers, and the studio confiscated the negatives.[12] Eichinger then informed Sassone that the film would not be released. Speculation arose that the film had never been intended for release, but had gone into production solely as a way for Eichinger to retain rights to the characters; Stan Lee said in 2005 that this was indeed the case, insisting, “That movie was never supposed to be shown to anybody,” and adding that the cast and crew had been left unaware.[13] Corman and Eichinger dismissed Lee’s claims, with the former stating, “We had a contract to release it, and I had to be bought out of that contract” by Eichinger.[11] Eichinger called Lee’s version of events “definitely not true. It was not our [original] intention to make a B movie, that’s for sure, but when the movie was there, we wanted to release it.”[11] He said future Marvel Studios founder Avi Arad, at this point, in 1993, a Marvel executive,

…calls me up and says, “Listen, I think what you did was great, it shows your enthusiasm for the movie and the property, and … I understand that you have invested so-and-much, and Roger has invested so-and-much. Let’s do a deal.” Because he really didn’t like the idea that a small movie was coming out and maybe ruining the franchise… So he says to me that he wants to give me back the money that we spent on the movie and that we should not release it.[11] …

Although never officially released to the general public, but exhibited once on May 31, 1994, The Fantastic Four has been subject to bootleg recordings. The film is available to be watched on YouTube and Dailymotion.[19]

On the review aggregation website Rotten Tomatoes, the film has an approval rating of 27%, based on 11 reviews, with an average rating of 4.00/10.[20] Clint Morris of Film Threat magazine said of a copy of the film he obtained, “[Y]es it’s terribly low-budget and yes it’s derisorily campy and feebly performed, but at the same time there’s also something inquiringly irresistible about this B comic tale that makes you wonder why it didn’t get a release somewhere along the line. Even if it does resemble Toxic Avenger [more so] than say, Spider-Man … The script isn’t actually all that bad and some of the actors—notably Michael Bailey Smith—are actually quite good here, and with an extra polish I think they might have been able to release this thing.”[21] Neil Calloway of Flickering Myth said “the production values are of a 1990s daytime soap, with some rather clunky dialogue.”[22]

https://en.wikipedia.org/wiki/The_Fantastic_Four_(unreleased_film)