Disney is closing its Disneytoon Studios, known for direct-to-video releases and spinoffs. The studio's closure follows a shift in Disney's animation strategy, with leadership changes including John Lasseter's departure. Disneytoon focused on sequels and CG features like Tinkerbell. For more details, visit Hollywood Reporter.

What significant change occurred at Pixar Animation Studios recently?

Who were named as the chief creative officers of Disney's animation divisions?