Coyote vs. Acme is getting its day in theaters
Coyote vs. Acme is getting its day in theaters
Warner Bros. has agreed to a deal with Ketchup Entertainment to give its embattled Looney Tunes movie a theatrical run.
what's the legal implications of this? They canned it as a tax write off, they wrote off the tax, now they're going to profit off it?
I know WB doesn't have to obey the law because it's a huge corporation, but I'm sure there's some laws being broken.
Yeah, I remember when this originally went down seeing something about how if they used that write-off it meant that the film could never be distributed afterwards. The way things are now I wouldn’t be surprised if they sold it and kept the write-off anyways since that was a different fiscal year.
I’m sure they can un write something off. The IRS would be more than happy to get the tax back.
And do we even know if they wrote it off in the first place? Any WB accountants here?
I'm not sure a theatrical release is the best option. They might have been better off selling it to Netflix or some other streaming service; as much as I want to see the movie, I'm not sure I'd actually go to a theater to see it. (Not because of a lack of interest in the movie, but rather, it takes a lot more to get me into a movie theater today than it would have 5 years ago.)
Netflix tried to buy, but WB CEO is asking stupid amounts of money.
Because of course. And it would be too easy to have a WB property actually release on the WB streaming service
The weird journey this movie has taken makes me more interested in seeing it than I ever would have otherwise been.
I mean, I’m still probably not going to go out and see it, but if this is all some kind of strange viral marketing, then it’s working.
Ketchup Entertainment
No wonder we had to wait for this one. They needed time to Ketchup.
