September 20th, 2012
06:31 PM ET
If "The Smurfs" and "The Muppets" have found success at the movies, perhaps Bugs Bunny will as well.
According to The Hollywood Reporter, there's a script in play to reboot the "Looney Tunes" franchise for the big screen.
Warner Bros. (which shares a parent company with CNN) has tapped former "Saturday Night Live" cast member Jenny Slate to pen the script. It's unclear what direction Slate will go in with a story, but the reboot's been described as a combination of CGI and live-action.
"Looney Tunes" in the past has been met with mixed reactions: While Michael Jordan's "Space Jam" in 1996 earned $230 million globally, 2003's "Looney Tunes: Back in Action" yielded only $68 million worldwide.
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