On paper, Coyote vs. Acme seemed to be a home run for Warner Bros. Discovery, but the film's likely cancelation is a huge blow to the Looney Tunes franchise. Although the Looney Tunes roster of characters remains iconic across pop culture, the characters haven't had a terrific showcase in recent years. Bugs Bunny, Daffy Duck, and the rest of those characters remain as timeless as ever, but their feature-length exploits in the 21st century have been lacking..
https://screenrant.com/coyote-vs-acme-movie-canceled-looney-tunes-history/