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Shelved movie 'Coyote vs. Acme' purchased for release

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Ketchup Entertainment has purchased the distribution rights to “Coyote vs. Acme," a Looney Tunes film that was shelved in 2023 by Warner Bros.

Media reports indicate Ketchup Entertainment paid around $50 million for the film, which cost $70 million to make.

Warner Bros. previously elected to take a tax write-off for the movie rather than release it.

Read more from The Associated Press.

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