Hollywood Studios Vie for Cena’s Latest Project
Summary
– John Cena’s film “Coyote vs. Acme” was recently dropped by Warner Bros., sparking a bidding frenzy among other studios.
– Netflix and Paramount have reportedly made formal bids for the film.
– Warner Bros. Discovery is seeking over $70 million for the film to cover their initial tax write-off.
John Cena’s journey in Hollywood has seen its share of ups and downs, with his latest project, “Coyote vs. Acme,” becoming the center of a significant industry shakeup. The film, a live-action hybrid featuring the iconic Looney Tunes character Wile E. Coyote, was completed last year but was unexpectedly pulled from Warner Bros.’ release schedule. This move, which resulted in a $30 million tax write-off for Warner Bros., surprised many in the industry.
However, the film’s cancellation has led to a heated bidding war among other studios. According to Deadline Hollywood, both Netflix and Paramount have made formal bids to acquire “Coyote vs. Acme.” Warner Bros. Discovery is reportedly seeking over $70 million for the film, an amount that would cover their initial tax write-off.
Amazon is also considering placing a bid, while Apple and Sony, who have seen the film, have shown no interest in acquiring it. The future of “Coyote vs. Acme” remains uncertain, but the interest it has garnered suggests that the film may find a new home and eventually reach audiences.
This development highlights the unpredictable nature of the film industry and the value of star power in driving interest and competition among major studios. Cena’s involvement in the project has undoubtedly played a role in attracting attention from various distributors, showcasing his growing influence in Hollywood.
