Warner Brothers has picked up an original pitch from Kevin and Dan Hageman based on the fictional ACME warehouse, the manufacturer of items used by the Looney Tunes characters. The plan is for a live-action/CGI movie:
The Hageman brothers came up with the idea to build a feature film around the fictional ACME warehouse — the manufacturer of anything and everything used by many of the Looney Tunes characters, most fatefully Wile E. Coyote in his quest to catch the Road Runner. The writers brought their concept to producers Dan Lin and Roy Lee, who helped develop the project further.
Source: Heat Vision | THR