Warner Bros. may sell Looney Tunes franchise rights

Warner Bros. is considering selling the Looney Tunes franchise, including beloved characters like Bugs Bunny and Daffy Duck. Recently, the studio has been in talks to sell the upcoming movie "Coyote vs. Acme" to Ketchup Entertainment for about $50 million. This is a significant drop from its previous estimated value of $75-$80 million. Some fans are excited because Ketchup Entertainment has shown more dedication to the franchise than Warner Bros. has in recent years. Many hope that if Ketchup buys the rights, they would focus on producing more Looney Tunes content regularly. However, there are concerns about Ketchup's smaller size limiting their ability to manage the franchise sustainably. Warner Bros. has a history of large-scale productions and can absorb failures more easily than independent studios. If Ketchup takes over, each project would need to succeed financially, putting more pressure on them. There's also uncertainty about future projects, as a rumored "super secret Looney Tunes project" may depend on this sale going through. For now, excitement is mixed with worry among fans. The new movie "The Day the Earth Blew Up" is currently in theaters. Yet, fans are anxious about the potential sale and what it might mean for the future of the beloved Looney Tunes characters.