So two future DCEU projects had been cancelled.
I'm starting to get the impression that Warner Bros. does not seem to have a clear vision or idea on what they want out of the DCEU.
It's bad news for the two directors, but both have other DC projects. Get the details at Empire.
www.empireonline.com
I'm honestly surprised that they even considered a movie based on "The Trench", so I'm not shocked that it was cancelled. The New Gods getting cancelled is an odd move, though - you'd think that, between Darkseid's appearance in Zack Snyder's Justice League and comic runs like Tom King's run on Mister Miracle, now would be the best time to have a New Gods movie.
Warner Bros. seems to have a really bad habit of announcing movies when they only have one small part of it ready (like having a director attached, or having a single writer), regardless of how likely it is that the movie will get made. (in the past few years, they've announced movies for Batgirl, Blackhawk, Blue Beetle, Booster Gold, Deadshot, Gotham City Sirens, Lobo, Nightwing, Plastic Man, Supergirl, and Zatanna, all before they have anything concrete to show for a solo Flash or Batman film set in that universe)