You were so excited. Deadline reported late on Friday that development would begin on the sequel to the 1996 animated/live-action "Looney Tunes"-centered hit "Space Jam" as a starring vehicle for Miami Heat star LeBron James. But ESPN writer threw cold water on the report the same evening. See the tweet below.
While the animated toon is well-remembered and perhaps adored by anyone who didn't grow up with "Looney Tunes" during the Mel Blanc era, "Space Jam" didn't even break $100 million domestically during the day and only grossed $230 million in 1996 worldwide. Adjusted for inflation, that's $343.5 million in 2014 dollars, but it's still a far cry from a major hit when you consider the $100+ million budgets, P&A and the grosses of major animated family fare these days.