…if Coyote vs Acme was finished, why not release it, anyway? The answer, apparently, is that distributing and promoting a film adds so much to the overall cost that it is hard for it to make a profit. It can be cheaper for a studio to dismiss the film as a “tax write-down”, and claw back millions of dollars. But the strategy is only legal if the film is never shown. Effectively, it has to cease to exist.
Films, it seems, are no longer being seen as works of art – or even as pieces of entertainment. They are being seen as items on a balance sheet, minor details in a global corporate strategy, and small components in a portfolio of intellectual property.
Reminder that large entertainment conglomerates are not your friend.