Block Party Bash closing in January 2011 (UPDATED 4:30pm EDT)

A number of people close to the 'Block Party Bash' parade at Disney's Hollywood Studios have informed us that the parade is set to close in January 2011 to be replaced with another Pixar based parade.  Block Party Bash debuted at Disney's Hollywood Studios on March 9 2008. 

This information has not yet been officially confirmed, so as always, take as speculation at this point until something is officially announced.

UPDATE (4:14pm EDT):

That didn't remain in the speculation category for long! Disney have just confirmed Block Party Bash will be indeed closing on January 1 2011. Here is the information.

http://disneyparks.disney.go.com/blog/2010/09/new-parade-coming-to-disneys-hollywood-studios/
"Disney/Pixar fans, we’ve got some great news to share today. The entertainment team at Walt Disney World Resort is in the midst of developing a new parade for Disney’s Hollywood Studios featuring some favorite Pixar pals. While details are still being worked out, we do know that four Pixar characters not currently seen at Disney’s Hollywood Studios – Remy and Emile from “Ratatouille” and Carl and Russell from Disney/Pixar’s “Up” – will be added to the lineup.

For those who want to be sure to celebrate the last dance with their favorites from Block Party Bash, make sure to mark January 1 for the final performance. The new show is scheduled to open January 16. Keep your eye on the blog for more future parade updates. "

UPDATE (4:30pm EDT):

More information on the new parade title and details.