Walden Media is teaming up with Fox Filmed Entertainment to form a new movie label.
They will market and release several future projects together; according to The Hollywood Reporter, part of the deal has Fox contributing several projects from their development pipeline to the unnamed company. The new partnership will specialize in education-themed family-friendly pictures that carry a G or PG rating. Walden's partnership with the Chronicles of Narnia sequels will remain in place.
The company will also have its own fully dedicated marketing, publicity and promotions staff; they are currently looking for a head of the new company.