Per the AVclub…
According to a report from The Hashtag Show, Warner Bros Discovery has decided to scrap The Wonder Twins film right before production was set to begin. No details were given as to why the feature was cancelled, but all signs indicate Discovery’s recent $43 billion merger with Warner Media.
Under its new name Warner Bros Discovery, the company voiced wanting to reboot the DC Universe to look a bit more like the Marvel Cinematic Universe. The new execs cited their desire for a fresh start and “a coherent creative and brand strategy,” per Variety. Execs also wished to find their own guiding figure in a baseball cap, á la the MCU’s Kevin Feige.
The Wonder Twins project already had Adam Sztykiel (Black Adam, Rampage) attached. It would have been Sztykiel’s directorial debut, and he was also signed on to write the HBO Max film as well. Riverdale’s KJ Apa and Isabel May (1883) were set to play the purple-clad alien twins, Zan and Jayna.