What makes you think they've canceled it? Did you read past the headline?

What should they have done here — keep the movie despite the obvious conflict of interest? Be more secretive about the fact they're trying to separate so no one can write articles like these?

If they did the right thing, it would look exactly like this. And I think it's generally a good idea to assume good faith (even with corporations) — you can still get your pitchforks up if they do refuse to give away the rights to movie.