Changed their minds, then changed their minds again: Warner Bros. isn't giving up and continues to search for a home for "Coyote vs. Acme."

Judging by a new report from the New York Times, Warner Bros. is not yet ready to completely abandon its hybrid film with live-action and animation, "Coyote vs. Acme."

The company has shut down the film several times before and then "reopened" it, but apparently the project is still alive and can still be released.

Here's What We Know

According to the publication, a Warner Bros. spokesperson said that the information that the studio is deliberately not releasing the film to save about $35-40 million in taxes is "unreliable."

Let's explain:

Warner Bros. invested roughly $70 million to make the film and could have gradually recouped that amount by releasing it to paying audiences in theatres and on streaming platforms. The company tried to sell it to a third party, with Netflix, Amazon and Paramount among those interested - but the deal fell through. As a result, it was decided to "bury" the project, that is, not to release it for a wide audience, which would save about $ 40 million on taxes.

As it turns out, cancelling films for tax benefits instead of the expected profit at the box office is not uncommon for filmmakers.

But according to a WBD spokesperson, the ultimate fate of "Coyote vs. Acme" remains unresolved. We await further updates.

Source: New York Times