Friday, March 4, 2011

Toronto's Starz Animation Studio Sold

The Winnipeg Free Press is reporting that Starz Animation has been sold to a group of investors headed by marketing executive J. Thomas Murray and executive producer Steven B. Hecht. Starz LLC, the current owners, will continue to own a minority stake.

Starz latest project is Gnomeo and Juliet, which has grossed more than $74 million and is still showing in theatres.

The studio was founded by Dan Krech and was known for years as DKP. It was sold to American telecom company IDT, which made the cgi feature Everyone's Hero in the facility. IDT abandoned the animation business and sold the studio to Starz LLC. The Toronto studio is also responsible for the feature length version of Shane Acker's 9.

(Thanks to Paul Teolis.)

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