Yet another CG Animation Studio??

It seems every FX facility in the world is creating its own CG animation studio to compete with the likes of Pixar, Dreamworks, Blue Sky, and soon Sony Pictures Animation. Just in the last year I've seen Disney (thankfully replaced with Pixar itself), Laika, Orphanage Animation and Animal Logic appear. Now the British folks at Framestore who made the awesome Walking with Dinosaurs series and the fantastic griffin for Harry Potter and the Prisoner of Azkaban are spinning off a studio headed by a former Dreamworks producer. Their first movie The Tale of Despereaux (from yet another children's book, although at least this one is a novel) is being directed by Sylvain Chomet, writer/director of the Oscar™-nominated Triplets of Belleville.