I was walking through the hallways of DreamWorks Animation this morning, and an artist points to his computer screen and says: "DreamWorks is giving up its partnership in the Indian Studio." What he was referring to was this:
Technicolor has taken sole ownership of its Bangalore, India-based animation studio Paprikaas, it was announced by Technicolor Digital Productions president, Tim Sarnoff.
You wouldn't know it from the Variety story, but DWA is (from what I know) giving up its co-ownership of Paprikaas ...
I knew that DWA was involved in production down in India, and will (apparently) still be involved as a client, but employees said to me: It wasn't really working out for them, not the way they expected."
I have no idea why the company is giving up its stake, but there it is. (And it's fine to see that Tim Sarnoff, late of Warner Bros. Animation and Sony Imageworks, is still out there in the animation game.)
Add On: Variety's print version makes clear that Technicolor purchased DWA's part of Paprikaas, and that the companies created the studio in 2008.