Coyote vs Acme has been "tax write-offed" UPDATE: no longer “tax write-offed” but shopping it to other streaming services

I should've known. This movie has been in development for, what, 5 years? And we never even saw one piece of art from it. But why did they just write it off? Did they really have that little faith in it?

EDIT: I may be mistaken on the "we never saw any art from it" thing
 
You know what I straight up don’t get about the CvA fiasco? WBD took a $30 million write down for the $70 million movie. That’s a $40 million loss. And yet, other services were very clearly interested. Amazon paid $100 million for Hotel Transylvania 4. Assuming that price isn’t any better for CvA, and even if Amazon gets all the rights and responsibilities to the movie from then on, WBD still makes a $30 million profit from the movie. OR they could release it in theaters, where the general rule is that a movie needs 2.5 times its budget to break even, which would be $175 million in CvA’s case- which wouldn’t be too hard, since Space Jam 2 made $163 million during WB’s “same day Max release” phase DURING THE PANDEMIC. And given all the films being delayed as a result of the strike delaying filming, WB could use a COMPLETED FILM to throw onto the release schedule while everything else is sorted out both with WB and the rest of the industry!
 
While that's good, it really shouldn't have been TWO'd by WBD.

It was ALMOST completed, and yet David decided to do it anyway because "MONEY!!!"

Which is also stupid because you'll be losing more of that "MONEY!!!" when keeping something like THAT from releasing...
 
We and creatives may not like Zaslav's decisions, but I'm worried that maybe the business side of the entertainment industry actually loves them, judging by how HBO Max removing its own shows ended up setting a precedent and becoming the norm (since Disney+ and Paramount+ have done their own content purges, although nowhere near as aggressive and broad as HBO Max's)
 
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