Cary Granat, Co-CEO and co-founder of Walden Media, will transition from his Walden position to a consultant for the company effective December 1. Granat will be Walden's creative consultant on the third installment in "The Chronicles of Narnia" franchise – "Voyage of the Dawn Treader"- which the company hopes to greenlight soon. He will also provide consulting services for an initiative with AEG Live, the concert and promotion company owned by Phil Anschutz who also owns Walden.
"This was a mutual decision," said David Weil, CEO of Anschutz Film Group, Walden’s parent company. "Cary and we both felt this was the right way to formalize the change in the company's creative direction that will now be overseen by Michael Bostick who was brought in as Co-CEO of Walden earlier this year. We all owe Cary a great debt of gratitude for co-founding the company and guiding the Walden brand to its preeminent place in family entertainment today."
"I'm extremely proud of what we've accomplished in my seven years at Walden. We have been very fortunate, with the unparalleled support of Phil Anschutz, David Weil and the entire team here to create family entertainment that will last for generations. It's time for me to hit the recharge button and take on a new challenge, but I'll always look back fondly on my time at Walden."
Granat will not be replaced and his responsibilities at Walden will now be handled by Weil and Bostick. Granat expects to announce additional future plans shortly.
Disney was targeting a May 7, 2010 release date for the third installment.