Warner Bros. has announced that it will not release the completed Film "Coyote vs. Acme," which features Looney Tunes character and stars John Cena. The studio spent $70 million on the movie, which received positive reactions from test screenings and was deemed a potential hit. However, Warner Bros. Discovery, facing financial losses, decided to shelve the film and collect a tax write-off instead. This decision has been criticized by industry insiders who viewed the film and praised its quality. The article suggests that Warner Bros. Discovery has a history of canceling completed films.

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