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As ‘Coyote vs. Acme’ Hangs in the Balance, Warner Bros. Discovery Takes $115M Write-Down on Mystery Projects

The animated feature became the most talked about film in Hollywood for a moment in November, when Warners canceled the project, only to give it a temporary stay of execution.

Discovery said it wrote off $115 million in content due to abandoning films in the third quarter of 2023 as part of a “strategic realignment plan associated with the Warner Bros. Pictures Animation group.” Will Forte, John Cena and Lana Condor star in the film, a live-action, CG animation hybrid, alongside classic Looney Toons character Wile E. Coyote. The strategy has made him a controversial figure among creatives, though his film division has managed to build relationships with top talent such as Tom Cruise, George Clooney, Paul Thomas Anderson, Margot Robbie and Ryan Coogler, who have all inked deals with Warners in recent months.

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