Jennifer Maas TV Business Writer Warner Bros. Discovery cable warrior Kathleen Finch is heading into her Super Bowl: the holiday season at Food Network.
14.11.2023 - 22:11 / deadline.com
Texas congressman Joaquin Castro has taken to X to slam Warner Bros Discovery for axing the $70M Coyote vs. Acme for a reported $30M tax writeoff. That said, as we first reported, the studio is changing course this week and screening the film for potential buyers, i.e. Amazon Prime (a leading contender), Apple and Netflix. This pivot by studio brass was made after a weekend in which the studio’s phone rang off the hook by the creative community over the cancelling of the finished film, as well as an outcry by the pic’s composer Steven Price among others online.
“The @WBD tactic of scrapping fully made films for tax breaks is predatory and anti-competitive,” wrote Castro, who has protested WBD before on antitrust issues.
“As the Justice Department and @FTC revise their antitrust guidelines they should review this conduct,” he continued.
“As someone remarked, it’s like burning down a building for the insurance money,” he added.
See his tweet below:
The @WBD tactic of scrapping fully made films for tax breaks is predatory and anti-competitive.
As the Justice Department and @FTC revise their antitrust guidelines they should review this conduct.
As someone remarked, it’s like burning down a building for the insurance money. https://t.co/Vb8vj3brD7
Warner Bros. had no statement regarding today’s X blast by Castro.
Several sources have told us that in a cost-cutting, debt laden environment as Warner Bros Discovery that it’s not CEO David Zaslav to blame here for the axing of the film. Warner Bros. Motion Picture Bosses Michael De Luca and Pam Abdy and new animation head Bill Damaschke are the ones who made the decision, this despite the fact that it’s not a production chief’s bandwidth to worry about tax writedowns on a
Jennifer Maas TV Business Writer Warner Bros. Discovery cable warrior Kathleen Finch is heading into her Super Bowl: the holiday season at Food Network.
Erik ten Hag insists he will "talk to" Marcus Rashford about his dismal Manchester United form.
David Zaslav has been preaching the gospel of Tinseltown labor peace since the SAG-AFTRA strike ended, and now the Warner Bros Discovery CEO is putting his money where his mouth is when it comes to his own backyard.
Patrick Frater Asia Bureau Chief Warner Bros. Discovery China is launching reality TV show “Glow Up China” in mainland China later this month. Delving into the universe and talents of Chinese make-up artists, the series will launch on leading streaming platform Tencent Video in December at a yet-to-be-specified date. The 6×60 minute show is a Warner Bros.
Phil Quartararo, a record executive for five decades at A&M, RCA, Island, EMI, Warner Bros. and Virgin Records, died today of pancreatic cancer in Los Angeles. He was 67.
Warner Bros. Discovery has said British laws that restrict the period distributors can require exhibitors to screen their films may now be “outdated,” and it is time for the UK government to consider repealing the legislation.
Media, entertainment and tech companies held their own in the top 25 ranking of overpaid CEOs in 2022 by nonprofit As You Sow. Live Nation’s Michael Rapino ($139 million pay package) topped the list, which also included Netflix, Paramount Global and Warner Bros Discovery, as well as Charter, Apple and Alphabet.
There’s been an exciting new development for the already filmed movie Coyote vs Acme!
Jaden Thompson Congressman Joaquin Castro has taken to X/Twitter to call out Warner Bros. Discovery for planning to shelve the completed film “Coyote vs. Acme” for the sake of receiving a $30 million tax break.
Warner Bros. Motion Picture Group and investment firm Domain Capital announced that they have inked a multi-year, co-financing agreement spanning multiple years that “reflects Warner Bros. expanded focus of theatrical films as the company continues to grow its diverse slate of movies across every genre for audiences across the globe.”
Rebecca Rubin Film and Media Reporter “Coyote vs. Acme” is officially on the market. Days after Warner Bros.
EXCLUSIVE: Screenings are being set up this week for streamers Amazon Prime, Apple and Netflix to check out and potentially acquire Warner Bros‘ axed Looney Tunes movie Coyote Vs. Acme after the studio’s phone ran off the hook the entire weekend from angry filmmakers and talent reps over their third feature film kill after Batgirl and Scoob Holiday Haunt! The more egregious Hollywood sin here with Coyote vs. Acme is that it’s a finished film, that was intended for a theatrical release, while the other two movies were still in the works.
Rebecca Rubin Film and Media Reporter Another Warner Bros. movie bites the dust. The studio no longer plans to release “Coyote vs.
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.
Warner Bros Discovery is reteaming with Taiwanese production company DaMou Entertainment to produce HBO Asia original Fired Up! (working title), an adaptation of hit Kakao webtoon Itaewon Class.
Marcus Rashford has been sent off in Manchester United's Champions League clash with FC Copenhagen.
Investors bid down shares of Warner Bros. Discovery today as its chief financial officer described a U.S. ad market “that has continued to be weaker than we had hoped” and a recovery that’s hard to predict “with any conviction.”
Jennifer Maas TV Business Writer Warner Bros. Discovery CEO David Zaslav opened the company’s quarterly earnings presentation with remarks on the ongoing SAG-AFTRA strike, remaining “hopeful” that the work stoppage will end “soon” following the Hollywood studios’ move to adjust AI language in its “last, best and final offer” to the actors union. “We are hopeful we will reach a resolution to the SAG-AFTRA strike soon,” Zaslav said during WBD’s third-quarter earnings call Wednesday.
Brian Steinberg Senior TV Editor Warner Bros. Discovery narrowed its third-quarter loss as the media giant, grappling with billions of dollars in debt as a result of the 2022 merger that created it, saw the box-office success of “Barbie” offset by a 12% decline in advertising at its portfolio of TV networks. The owner of CNN, the Warner Bros.
Warner Bros. Discovery’s third quarter was mixed with ‘Barbie’ coin and free cash flow beloved by Wall Street offset by sluggish advertising and the impact of the actors’ strike on the one of the industry’s biggest content creators.