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Actually, yes that does happen all the time. Producers don't bankroll films on their own; that's why they go to the studios and other investors to stump up the cash. That's exactly what Lorne has been doing for the last five years, and exactly why the films haven't been made; CS and AO are rather out-there concepts for films, after all.
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But he isn't a producer. Producer's are producer's because they have the connections and the know how to get the creative team everything that they need to be creative. This is not the case with Lorne Lanning. No matter how much we may all want to think that Lorne's failed business model could have been a success if only those hollywood douchebags had seen his brilliance, it's just not true. He's a glorified screenwriter who wants a producer credit. That's it. There are millions of screenplays that haven't been made. His is just one more.
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Well, then OWI will provide ANOTHER third party company that will do it for them, unless the first third party is capable themselves.
The main focus OWI always had, was being good with movies/CG and have a high standard for that. So that is what they will expect to have the end product too I assume. So they will take the best from different companies and try to fix one same end product. It might not work, as communication is THE key to succes, and that will become hard if companies are spread all over.
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You're assuming that they have the money to do so. This probably isn't the case.