Warner Bros. Discovery decides again not They want to release a film that they have already made and bet that noting the production costs will be more valuable than releasing the film either on streaming or in theaters.
This time it’s the victim Coyote vs Acmewhich was intended to be a live-action/animation hybrid starring Wile E. Coyote Looney Tunes and also starring John Cena. According to Deadline, if the film isn’t released, WBD could take a “$30 million write-down on the $70 million production.”
Previously, the company used a similar accounting tactic to put the nearly completed job on hold Batgirl film, as well as a Christmas-themed sequel to their recent computer-animated Scooby-Doo reboot Scoob! instead of releasing them.
Looney Tunes Acme MovieWarner Bros.
READ MORE: A Looney Tunes Musical is in preparation
However, as Deadline notes, this film is different from Batgirl And Scoob! Holiday meeting in this “Coyote vs Acme is a finished film with very good test results, 14 points above the family norm.
We’re told that the cash-strapped Warners don’t think the cost of releasing it theatrically or selling it to other buyers is worth it (and there are parties interested in their own streaming services). After reporting a mixed third quarter, a tax write-off is the best bet for Warner’s money.
The film is supposedly about Wile E. Coyote, who decides to sue the Acme Corporation because all of their products fail to perform as required – actually a very funny idea. Will Forte played Wile E. Coyote’s lawyer and Cena was Forte’s “intimidating former boss.” The film was even co-written by DC Studios co-CEO James Gunn.
That’s pretty disappointing news – especially since this project actually sounded pretty clever, and in general because it keeps happening with WBD and other studios. What kind of world do we live in where it makes more sense for Hollywood to make things and then just lock them up in storage? Hunter of the lost treasure than even trying to release them? How can it make more financial sense to hide something – apparently a decent film! – instead of selling it to another streaming service?
The film’s director, Dave Green, posted a comment about the news on Twitter, writing: “We were all determined to honor the legacy of these historical characters and actually fix them.” During the ride we were hugged by test audiences, which rewarded us with fantastic results. I am beyond proud of the final product and beyond shocked by WB’s decision.”
Movies with surprising Rotten Tomatoes scores
You might be shocked at the ratings these films have received from critics on Rotten Tomatoes.
Source : screencrush.com