The recent news of Warner Bros deciding to axe their animated live-action hybrid movie, Coyote vs. Acme, has sent shockwaves through the entertainment industry. Despite the film costing $70M, which was the rigid buy price set for potential buyers, it seems that the studio was unable to find any takers willing to meet that asking price. Netflix and Paramount both submitted bids, but they fell short of the mark, ranging between $30M-$50M. This left Warner Bros feeling that their rivals did not value the film as much as it cost to produce.
In the midst of this controversy, Phil Lord, known for his success with the Lego Movie, took to Twitter to express his disappointment with Warner Bros’ decision regarding Coyote vs. Acme. He questioned the studio’s motives, suggesting that their actions may be considered anticompetitive. Lord’s comments shed light on the frustration felt by those who have seen the movie and understand the potential it holds for success.
Lord’s sentiments were echoed by other industry professionals, including Chris Miller, Michael Chaves, and Daniel Scheinert, who have also had the opportunity to view the film. Their consensus is that Coyote vs. Acme has the potential to be a comedic gem, with Lord even hinting at the possibility of a congressional hearing as a fitting end to the saga. However, the fate of the movie remains uncertain, with Warner Bros seemingly indifferent to its future.
The decision to axe Coyote vs. Acme has sparked outrage among audiences and critics alike. Texas congressman Joaquin Castro condemned Warner Bros’ actions, labeling them as predatory and anti-competitive. He called for a review of the studio’s conduct, pointing out the potential consequences of scrapping a fully produced film for financial gain. The public outcry further highlights the ethical implications of prioritizing profit over artistic integrity.
Under the leadership of CFO Gunnar Wiedenfels, Warner Bros has been criticized for its cost-cutting measures and layoffs, particularly following AT&T’s ownership. The studio’s decision to forgo releasing Coyote vs. Acme in favor of a tax writeoff has raised concerns about its commitment to quality filmmaking. Questions have been raised about whether Warner Bros’ actions are in the best interest of the industry as a whole, or merely a strategic move to maximize financial gain.
The fate of Coyote vs. Acme remains uncertain, with Warner Bros seemingly content to let the film languish in purgatory. The studio’s decision to prioritize financial gain over artistic merit has drawn criticism from industry professionals and the public alike. As the entertainment industry grapples with issues of ethics and corporate responsibility, the fate of Coyote vs. Acme serves as a cautionary tale of the dangers of placing profit above creative vision.