OK, I saw this movie when I was around 5 or 6. the main character was named peter and he had this magic paintbrush. He had many talking animal friends and they were being hunted down by an army of axes. Art style looked very similar to the movie, the wizards.

Could it be The Elm-Chanted Forest (1986) His name is peter Amazon.com: The Elm-Chanted Forest: Elm-Chanted Forest: Movies & TV (http://www.amazon.com/Elm-Chanted-Forest/dp/B00000IYR6)

Yes it is, thank you sooo sooo much

You are welcome! I saw that too back in 1986. I am so glad I could help