Locomotion

Locomotion was a Latin American cable channel dedicated to anime and animated shows targeting primarily an 18–34 audience, broadcasting movies, TV series and shorts. It was launched on 1 November 1996 and was closed down on 31 July 2005. It was also broadcast in Portugal through Cabovisão and TVCabo (now ZON Multimédia), and in Spain by satellite TV provider Vía Digital until 2003 due to administrative reasons with the TV operator.

Why has it closed?

 * Why Sony Pictures Entertainment wanted to bring Animax to the region: Possibly the only reason it closed. As Sony acquired Locomotion, they wanted Animax to be in Latin America and for that they had to replace Locomotion (since it was basically the same and it wouldn't make sense to have two anime channels).

Probability of returning
Like its successor (Animax) and Sony Spin, it is impossible for it to return as it was previously replaced (just like Animax and Sony Spin). Since 2014, it is Lifetime, since Sony made a joint with A&E Networks to replace Sony Spin with it. So unlikely to return in the future.

Anyway, Animax inherited all its anime-only programming, Sony Spin had only 2 animes and was a hated channel, and Lifetime is only a channel for the female audience (who doesn't like anime).