Warner Bros. Discovery Was Rumoured To Be Selling Off The Looney Tunes, Could This Affect Cartoon Network?

According to a report on ComingSoon.net, Warner Bros. Discovery is looking to sell Looney Tunes, one of its oldest IPs as the company looks to prioritise family and adult programming moving forward. In light of this, Warner Bros. Discovery has remained hush hush on the matter.

But it should be worth noting, Cartoon Network had cancelled Tiny Toons Looniversity and Bugs Bunny Builders after two seasons. It was mentioned that corporate had sold rights to their latest animated film The Day The Earth Blew Up to Ketch Up Entertainment with them looking to scoop up the scrapped Coyote Vs. ACME in 2026.

The reasons Warner Bros. Discovery was said to be doing this as mentioned on ComingSoon.net - possible sale. But several outlets had since opted to rebuff that claim as Looney Tunes is basically Warner's Mickey Mouse then again it had been alleged that it's struggling to garner traction with modern audiences.

To top it off, Warner Bros. Discovery doesn't seem interested in animated content nowadays as a library of shows from Cartoon Network had since moved from Max to rival platforms. All of this has kind of lead some to wonder if Warner Bros. Discovery could look to be offloading more content aside from Looney Tunes.

Warner Bros. Discovery will be moving most of their cable networks to a new division Global Linear Business placing them in a position to be potentially sold off to either Comcast's SpinCo or Paramount. 

Let's remember, Warner Bros. Discovery was in talks with Paramount Global for a potential merger some years back before the deal fell flat. If Warner Bros. Discovery was looking to offload most of their animated content aka "the problem child" nothing would have gotten in their way of merging with Paramount.

Comcast's SpinCo is reportedly looking to venture into food and history and Warner Bros. Discovery has plenty of assets that align with that structure. It could as well lead to sale of Food Network and Investigation Discovery if not them obtaining a ownership stake of 40% to 51%.