Warner Bros cancelled Home Alone because they didn't want to spend $14,7 million on it. 21st Century Fox continued the production and the film grossed

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https://en.wikipedia.org/wiki/Home_Alone_(franchise)#Home_Alone_(1990)

ref - https://www.reddit.com/r/todayilearned/comments/eq46dy/til_warner_bros_cancelled_home_alone_because_they/
 
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