Why did Looney Tunes Back in Action bomb so hard?

This has been asked before, but I never got a clear answer. This film bombed so hard, Looney Tunes stop making theatrical movies up until this year! It bombed real badly, and I don’t know why. The animation is great, the voice acting is great, (unlike Space Jam) there isn’t an overly sexualized character, at least for long, (Don’t look up Lola Bunny rule 34) and it’s still smart and snarky. How did Space Jam get the upper hand? via /r/movies https://ift.tt/3AeV8gD