‘Coyote Vs. Acme’: With Pic’s Fate In Limbo At Warners, Phil Lord Observes, “How Funny It Would Be For This To End With A Congressional Hearing”
deadline.comWarners Bros has screened their axed Coyote vs. Acme to around 12 buyers we hear with a rigid buy price of $70M+; which is how much the animated live-action hybrid movie cost.
Netflix and Paramount put forth bids, which we told you about, but they were lower than the $70M asking price (between $30M-$50M), therefore in Warner’s eyes, rivals didn’t want the feature for what it cost.
What Deadline has received clarity on is that Warner Bros took a $70M writedown on Q3 earnings, not the upcoming Q4. Nonetheless, the movie, which the Burbank, CA lot decided back in early November not to release — remains in purgatory.
That said, we hear the door isn’t officially closed on Coyote vs. Acme‘s prospects yet — it’s just that the Coyote could wind up in the cave with Batgirl. “No one is doing anything at Warners to push this film for a sale,” says a source close to production.
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