Look at these crazy raccoons... an owl tries to figure them out too.

Yea apparently owls do consider raccoons as food sources. They normally would watch from a distance and swoop in for a surprise snatch/attack but perhaps this owl due to its size decided ring side with popcorn was best for now.

As a side note I notice when they left a third much larger raccoon (missing its tail) was leading them, maybe it was a parent and these two were rambunctious siblings?