"...the studio has shifted its global strategy to focus on theatrical releases," said Warner Bros.
"With this new direction, we have made the difficult decision...
"For three years, I was lucky enough to make a movie about 'Wile E. Coyote', the most persistent, passionate, and resilient character of all time," said the film's director Dave Green.
"I was surrounded by a brilliant team, who poured their souls into this project for years. We were all determined to honor the legacies of these historic characters and actually get them right. Along the ride, we were embraced by test audiences who rewarded us with fantastic scores. I am beyond proud of the final product, and beyond devastated by WB’s decision.
"But in the spirit of Wile E. Coyote, resilience and persistence win the day..."
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