Rep. Joaquin Castro Calls Warner Bros. Discovery ‘Predatory’ for Shelving ‘Coyote vs. Acme,’ Asks Justice Dept. to ‘Review This Conduct’
variety.comJaden 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. Amid backlash against the studio, WBD has since put the film on the market in an effort to shop it to other potential distributors. “The @WBD tactic of scrapping fully made films for tax breaks is predatory and anti-competitive,” Castro wrote on X. “As the Justice Department and @FTC revise their antitrust guidelines they should review this conduct.” The Texas Democrat concluded his message by saying, “As someone remarked, it’s like burning down a building for the insurance money.” “Coyote vs.
Acme” is a live-action animation hybrid from WBD’s “Looney Tunes” universe, featuring Lana Condor and John Cena. Shooting concluded in 2022 with a $70 million budget. “Coyote vs.
Acme” marks the third instance in less than two years in which WBD has announced its plan to withhold a fully completed film’s release in order to get a tax break.
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