‘Coyote vs. Acme’ Saved by Warner Bros., Takes $30M Tax Writeoff – Deadline

In yet another David Zaslav-led Warner Bros. Discovery ploy to kill off movies, we’ve heard on very good authority that Warner Bros. won’t be releasing the hybrid live-action/animated. Coyote vs Acme, Kinglum with an estimated $30M write-down on a $70M production. We believe the write-down for the image was applied to the recently reported Q3.

This marks the third time Zaslav’s Warner Bros. has pulled the plug on a film greenlit by previous Warner Media management, the other two being Max Destand. Batgirl And dynamic Scoob Holiday Haunt!

Here is the difference. Coyote vs Acme A complete movie with very good test scores, 14 points above the family norm. We’re told that cash-strapped Warners has found that it’s not worth the price to release theatrically, or to sell to other buyers (and there are parties interested in their streaming services; we’ve heard that Amazon has dropped the tires. has been kicked). After reporting a mixed third quarter, Warners’ best source of cash is tax write-offs. At one point, Coyote vs Acme It was slated for a theatrical release on July 21, 2023. It was Warner Bros.’ biggest hit of all time, ultimately grossing $1.4 billion to date. Barbie

With the relaunch of Warner Bros. Pictures Animation in June, the studio has shifted its global strategy to focus on theatrical releases. With this new direction, we have made the difficult decision not to move forward. Coyote vs Acme. We have the utmost respect for the filmmakers, cast and crew, and are grateful for their contributions to the film,” said a Warner Bros. spokesperson.

How ironic: Zaslav was involved in brokering a new three-year deal with the show between AMPTP and the SAG-AFTRA guild, and the Burbank studio is hungry for a theatrical product in 2024 with several titles moving and They were leaving a gap. There is definitely money to be made on a finished movie based on the Looney Tunes IP. 2021 sequel Space Jam: A New Legacy It saw ticket sales on Max through the previous Warner Media management’s theatrical day-and-date model during the pandemic. Still, the film grossed $70.5M domestically, and another $93.1M overseas for a total of $163.6M worldwide.

I am told there is a Max launch. Coyote vs Acme There is no suitable platform for the film. There have been rumors of James Wan producing Stephen King’s feature take, directed by Gary Doberman. Salem’s lotOnce released in theaters, going to Max’s because they need the product due to inventory shortages caused by the strike. Says with reference to Warners. Salem’s lot That the jury is still out and they have yet to determine the fate of the vampire picture. Still, King is a brand name at the box office, and this is one of his classics. And horror works dynamically in the post-BO epidemic. Sure, a $10M minimum box office opening isn’t the worst thing in the world for a movie that gets out of the Max, however, it boils down to whether Warners spends $40M in marketing. want to spend

Directed and written by David Green May December Writer Sammy Birch, along with DC Studios co-bosses James Gunn and Jeremy Slater, Coyote vs Acme Based on characters from Looney Tunes. The New Yorker Ian Frazier’s humorous article “Coyote vs. Acme.” Starring Will Forte, John Cena and Lana Candor, the film follows Will E. Coyote, a billboard lawyer who sues the ACME Corporation after failing several times in his pursuit of the ACME Products Road Runner. Decides to hire. The case pits Wile E and his lawyer (Forte) against the latter’s intimidating ex-boss (Cena), but the growing friendship between the man and the cartoon strengthens their determination to win.

Director Green is still working with Warners on another project we’re told, in the works for New Line.

Since relaunching in June, Warner Bros. Pictures Animation under new admin Zaslav is eyeing two pictures a year starting in 2026. The division recently announced a partnership with Locksmith Animation. Bad fairies And The Lunar Chronicles Currently in development, along with feature-length animated films based on the beloved Dr. Seuss classic. The cat in the hat A moving musical adaptation of Or Oh, the places you’ll go!.