Hollywood Reporter:

A little over a year after the shelving of Batgirl sent shockwaves throughout Hollywood, Warner Bros. is putting another of its films in the studio vault.

Warners no longer plans to release Coyote vs. Acme, a live-action, CG animation hybrid that completed principal photography last year in New Mexico. The move follows veteran animation executive Bill Damaschke taking over Warner Animation Group earlier this year.

WBD, what are we even doing here anymore?

When a completed film — with good testing, great talent on screen and behind the scenes, and using a perennial favorite in the Looney Tunes — can’t even make it to the screen, and instead just gets locked away for “tax benefits”, it absolutely sucks.

What is even the point in being in the creative business when you won’t create?

EDIT: Well, now we've got folks out here saying we're losing out on this generation's version of Who Framed Roger Rabbit.