Cue that iconic opening music: Looney Tunes is relevant again!  Former SNL comedienne Jenny Slate has been tapped by Warner Bros. to pen the feature reboot.  Much like Sony’s successful adaptation of The Smurfs, the Looney Tunes reboot would blend CG and live-action in order to bring the characters to life on the big screen.  Although no word has been released as to Slate’s take on the property, fans can be almost certain of seeing Bugs Bunny, Daffy Duck, Porky Pig, Wile E. Coyote, Tweety Bird and more.  Hit the jump for more on Slate and the Looney Tunes movie.

Warner Bros. is currently revamping the Looney Toons brand, a process which includes a new series on Cartoon Network and fresh 3D shorts in theaters.  It appears that step number three will return the studio to feature territory, with a live-action/CG hybrid film centered around Bugs Bunny in development.  According to Deadline, David Berenbaum (Elf) will pen the script; as of this writing, no producer has boarded the project, so this one could still be a ways away.

Bugs recently entered his eight decade of existence, first appearing on screen in the 1940 short A Wild Hare.  He has starred in more than 163 animated shorts, and last graced the big screen opposite Brendan Fraser in 2003′s Looney Tunes: Back in Action.  I’m gonna go watch Space Jam.