Warner Bros. Discovery Turns Down Multiple Bids for John Cena’s “Coyote vs. Acme” Film

John Cena's "Coyote Vs. Acme," a live action/CG animation hybrid film likely won't be made available for release. Things got worse this year after Warner Bros. decided to suspend the project for a while after investing $70 million in the project, but they were willing to sell the film with other production companies.  The film  Dave Green directed the movie inspired by the iconic Looney Tunes character Wile E. Coyote of Warner Bros. Green is famous for directing Earth to Echo and Teenage Mutant Ninja Turtles: Out of the Shadows. Chris DeFaria and James Gunn created the film.  Wile E. Coyote is a fictional character who is constantly unsuccessful in his quest to get his foe and The Road Runner. Former WWE Champion plays the Acme Corporate CEO.  Offers  The Wrap The Wrap reports that Netflix, Amazon, and Paramount screening the film and made offers, including the Paramount offer to show it in theaters. But, Warner Bros. wanted an amount in the range of $75-$80 million from potential buyers, or else they'd take the $35-$40 million as tax write-off.Although there were offers to purchase the film, it was stated that WBD would not allow studios to challenge their asking price. it was an "take it or take it or leave it" scenario. The film will probably be put on hold due to the huge asking prices.

John Cena’s “Coyote Vs. Acme,” a live action/CG animation hybrid film likely won’t be made available for release. Things got worse this year after Warner Bros. decided to suspend the project for a while after investing $70 million in the project, but they were willing to sell the film with other production companies.

The film

Dave Green directed the movie inspired by the iconic Looney Tunes character Wile E. Coyote of Warner Bros. Green is famous for directing Earth to Echo and Teenage Mutant Ninja Turtles: Out of the Shadows. Chris DeFaria and James Gunn created the film.

Wile E. Coyote is a fictional character who is constantly unsuccessful in his quest to get his foe and The Road Runner. Former WWE Champion plays the Acme Corporate CEO.

Offers

The Wrap The Wrap reports that Netflix, Amazon, and Paramount screening the film and made offers, including the Paramount offer to show it in theaters. But, Warner Bros. wanted an amount in the range of $75-$80 million from potential buyers, or else they’d take the $35-$40 million as tax write-off.Although there were offers to purchase the film, it was stated that WBD would not allow studios to challenge their asking price. it was an “take it or take it or leave it” scenario. The film will probably be put on hold due to the huge asking prices.

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