‘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 that they are scrapping the completed Looney Tunes-inspired film, ‘Coyote vs. Acme’, despite originally intending for theaters to write off $30 million in taxes.
• The filmmakers have been permitted to pitch the movie to other distributors, such as Amazon Prime Video, Apple, and Netflix.
• This is the third film that Warner Bros. has abandoned for tax reasons; ‘Batgirl’ and ‘Scoob! Holiday Haunt’ were made for HBO Max.
• Director Dave Green expressed sadness over their decision as he dedicated three years of work to the film, which was met with positive feedback from test audiences.
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.
Amazon and Netflix have been actively 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.