Even though multiple studios were interested in releasing Coyote vs. Acme, Warner Bros. Discovery said no.
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I strongly suspect this is just a case of spite on the part of the executives. Probably one of the creatives or talent pissed off one of the execs and this thing isn’t about money it’s an object lesson.
If that’s the case… I kind of hope it gets leaked. But mostly I don’t because it’d be too easy for the execs to pin someone for it and cripple them financially for life.