‘Coyote Vs. Acme’: Finished Live/Action Animated Pic Shelved Completely By Warner Bros As Studio Takes $30M Tax Write-off
09.11.2023 - 20:53
/ deadline.com
In another maneuver by the David Zaslav-run Warner Bros Discovery to kill movies, we hear on very good authority that Warner Bros will not be releasing the live-action/animated hybrid Coyote vs. Acme with the conglom taking an estimated $30M write-down on the $70M production. We understand the writedown for the pic was applied to the recently reported Q3.
This reps the third time that Zaslav’s Warner Bros has pulled the plug on a movie greenlit by the previous Warner Media administration; the other two being the Max destined Bat Girl and the animated Scoob Holiday Haunt!.
The difference here is that Coyote vs. Acme is a completed movie with very good test scores, 14 points above the family norm. We’re told that the cash-strapped Warners finds that it’s not worth the cost to release theatrically, or to sell to other buyers (and there are parties who are interested for their own streaming services). After reporting a mixed third quarter, the best means for Warners money is a tax write-off. At one point, Coyote vs. Acme was dated on July 21, 2023 for theatrical release before getting pulled; that date placed by the ultimate $1.4 billion grossing Warner Bros biggest hit of all-time, Barbie.
“With the re-launch 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 with Coyote vs Acme. We have tremendous respect for the filmmakers, casts, and crew, and are grateful for their contributions to the film,” said a Warner Bros. spokesperson.
How ironic: Zaslav was involved in getting a new three-year deal between AMPTP and the SAG-AFTRA guild with exhibition, and the Burbank studio,
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