There is some value in not having a "Coyote vs. Acme" film released this year (either by Netflix or the Library of Congress) because they could try to make a profitable version soon but people may not give a new version a fair chance if a really bad version was released recently.
They presumably value that option more than whatever Netflix et al. offered.https://www.theverge.com/2024/2/9/24067496/coyote-vs-acme-am...