Pinocchio (Disney film)/WMG

Pinocchio eventually tells Geppetto about Pleasure Island
And they go and rescue the donkeys. They also tell other townspeople, and everyone invades the island to save the donkeys. It just takes place after the Disney film. Not that there should be a sequel of course.
 * This troper always liked to think so as a kid. Not necessarily because I think it's likely, but because the image of the boys turning into donkeys and being shipped off to the salt mines was literally keeping me from sleeping.

The Coachman goes bankrupt soon after the Pleasure Island incident
This came from a page on TV Tropes that states that some of the people he hired would expect to be paid. He's actually losing money rather than gaining. How's that for Laser Guided Karma?

Pinocchio spends more time on Pleasure Island than the film shows
In the book, he spends five months on the island. Who's to say he didn't spend that much time there in the film? The movie probably only showed the first and last days he was there--anything more would have been redundant. Either that, or...

Time flows differently on Pleasure Island than it does in the "real" world
E.g. a day on P.I. is, say, a month outside the island, which would explain why Geppetto's house/workshop looked like it had been abandoned for weeks although Pinocchio was seemingly only gone for a day or two. This would also explain the line "Not a bite for days..."

Pleasure Island is really of the Isle of Aeanea--the island where Circe turned Odysseus' crew into pigs
This applies to both the original novel and the Disney film. In The Odyssey, Circe lived on Aeanea, a mythical island that was supposedly off the west coast of Italy. By the time of Pinocchio, Circe was long gone but enough residual free-standing magic existed for the boys turn to into donkeys if they stayed there long enough.

Donkey from Shrek is one of the kids from Pleasure Island who could still talk
If Pinocchio himself appears in the movies, than an appearance of a P.I. donkey can be canon too.

Eeyore from Winnie The Pooh was one of the kids from Pleasure Island who could still talk
He lost his tail in an escape attempt. The trauma from that whole experience explains why Eeyore is depressed. The rest of the gang of the 100 acre wood doesn't know about Eeyore's depressing back story, except maybe Owl, who used it as blackmail material to steal Piglet's house.