Congressman Calls for Federal Probe into Warner Bros. Scrapping 'Coyote vs. Acme' for Tax Breaks
Congressman Joaquin Castro has criticized Warner Bros Discovery for canceling the film "Coyote vs. Acme" and using it as a tax writeoff. He called the studio's tactic predatory and anti-competitive, urging the Justice Department and FTC to review their conduct. Warner Bros had no statement in response to Castro's criticism. The decision to cancel the film was reportedly made by Warner Bros. Motion Picture Bosses Michael De Luca and Pam Abdy, despite it being the responsibility of accounting and finance to handle tax writeoffs. The new administration at Warner Bros Discovery is focused on cost-cutting and avoiding risky projects, leading to concerns about the studio's reputation among industry professionals.