The plan is to make a live-action CG hybrid featuring the many outlandish devices of the company in a tone that recalls the Amblin pics of the 1980s or a Men in Black-style movie....reveals THIS piece at THR, which also indicates that the ACME movie "would not feature" LOONEY TUNES characters (although, one would assume "would not feature" doesn't necessarily preculde some sort of cameo...?)