‘Coyote vs. Acme’ Film Up for Sale as Warner Bros. Abandons it for Tax Reasons.
The highly anticipated film ‘Coyote vs. Acme’ is now available for purchase.
• Warner Bros. recently announced they are abandoning the completed live-action-animation hybrid film ‘Coyote vs. Acme’, allowing the filmmakers to pitch it to other distributors such as Amazon, Apple, and Netflix.
• The movie, starring John Cena and Lana Condor, is the third film to be written off by Warner Bros. for tax reasons.
• Negotiations with streaming services for ‘Coyote vs. Acme’ are ongoing, with many companies potentially interested in purchasing fresh content during the pandemic.
• Production of ‘Coyote vs. Acme’ was delayed due to strikes, further complicating negotiations regarding its sale.
• Director Dave Green has expressed his disappointment at Warner Bros.’s decision and shared his pride in the final product on social media.
Warner Bros. recently announced that they are scrapping the completed Looney Tunes-inspired film, opting to write off $30 million in taxes. However, they allow the filmmakers to pitch the film to other distributors, including Amazon Prime Video, Apple, and Netflix. Despite finishing production in 2022 and originally intended for theaters, the movie has not yet been screened for potential buyers.
Both Amazon and Netflix have been active in acquiring films during the pandemic, but negotiations for ‘Coyote vs. Acme’ are still ongoing. It remains uncertain if any company would be interested in purchasing a movie that Warner Bros. has deemed unworthy of release. However, streaming services are always in need of fresh and family-friendly content to keep subscribers engaged. The film’s production was also affected by strikes, causing delays in projects.
The $70 million live action-animation hybrid, starring John Cena and Lana Condor, is the third film to be abandoned by Warner Bros. for tax purposes. The previous films, ‘Batgirl’ with a budget of $90 million and ‘Scoob! Holiday Haunt,’ were made for HBO Max. The decision to write off ‘Coyote vs. Acme’ has been met with disappointment from the creative community.
Director Dave Green, who dedicated three years to the film, expressed his sadness over Warner Bros.’s decision. Despite receiving positive feedback from test audiences, the film has been abandoned. Green shared his pride in the final product on social media.