... a large piece of its Canadian digital studio.
A Canadian group is buying control of Starz Animation Toronto, a digital media studio that created the recently released feature film "Gnomeo & Juliet."
Financial terms of the transaction aren't being disclosed.
Starz LLC will continue to own a minority stake in the studio but plans to focus on live action-TV programming. ...
Starz has been looking to get out of the animation business for some little while. What the company really wants to pursue is movies and t.v. with flesh and blood actors, not animated stuff. When it ended up with California and Ontario cartoon studios after a stock swap with IDT Entertainment a few years ago, parts of Starz's freshly-acquired animation subsidiaries shuttered almost immediately. (The company's fledgling feature animation division closed within months.)
Starz's California studio was close to being sold until a disagreement over corporate financial obligations scotched the deal. But we're betting that the big cable company won't be running any cartoon businesses for very much longer.