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Warner Bros. to shelve ‘Coyote vs. Acme’ movie if not purchased

Warner Bros. to shelve ‘Coyote vs. Acme’ movie if not purchased
February 10, 2024 – 23:26

Word is circulating that those on the film’s team believe the company will take a tax deduction and shelve the project indefinitely.

Warner Bros. will destroy the film ”Coyote vs Acme” if it is not bought

In 2018, Warner Bros. first announced the development of “Coyote vs. Acme”a feature film focused on the character of “Looney Tunes”, Wile E. Coyote. In 2022, John Cena signed on as the film’s main antagonist, his last role working for Warner Bros. Discovery, after the film “The Suicide Squad” and the successful series “Peacemaker”. But it seems that, “Coyote vs. Acme” it might never come to light.

According to The Wrap, the producer Chris DeFaria received a phone call from a Warner Bros. executive in January, expressing his desire to move forward with the project. Warner Bros. had previously reversed the decision to cancel the film and allowed the filmmakers to shop it to other studios.

However, with WBD’s fourth-quarter earnings conference call scheduled for February 23, those on the film’s team are said to believe the company will take a tax deduction and will archive the project indefinitely.

Attempts to purchase the film

Several sources indicated that the film was shown on Netflix, amazon and paramount, and they all submitted lucrative offers. Reportedly, paramount proposed a theatrical release component for its acquisition. Unfortunately, Warner Bros. is said to have been looking a figure in the range of 75 to 80 million dollars when taking into account the 35 to 40 million dollars that they could obtain as tax cancellation and had supposedly offered no room for negotiation on the figure.

In addition, the executives responsible for decision making (David Zaslav, Michael De Luca, Bill Damaschke and Pam Abdy) had not even seen the finished version of the film. It was mentioned that Zaslav never saw the film in any form, while De Luca and Abdy saw a director’s cut and Damaschke saw the first audience preview. It is worth noting that ”Coyote vs. Acme” was developed by the previous regime before Warner Bros’ merger with Discovery in April 2022.

Although everything indicates that the film will suffer the same fate as ”Batgirlwhich was going to be released in 2022 and was canceled because they reported that it did not fit with the film strategy of the studio, Warner Bros., It’s still for sale for $70 million..

The background: the cancellation of ”Batgirl

“Batgirl” was in post-production when Warner Bros. decided not to move forward with the film. Sources told The Times in August that the film no longer fit with the studio’s film strategy.

Grace told Variety that she spoke to Warner Bros. bosses Mike De Luca and Pam Abdy about the shocking decision, but said they “weren’t really specific about anything creative in terms of what they felt about the movie and how it would be.” “hurt DC.” creatively.”

Other executives were not so reserved. On February 1, Peter Safran, who recently took the helm as co-president and CEO of DC Studios alongside director James Gunn, said that “that movie couldn’t be released.”

Source: Ambito

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