According to The Hollywood Reporter, Disney won't be producing or financing the third film in the Narnia series, "The Chronicles of Narnia: The Voyage of the Dawn Treader".While declining to elaborate, the studio confirmed that the decision to leave the franchise is for financial and logistical reasons. The third entry in the series, based on the classic books by C.S. Lewis, was set to start production in spring 2009 but the move puts the film and those attached in limbo.
Box-office statistics for the franchise shows a downward trend. The first film in the series, "The Chronicles of Narnia: The Lion, The Witch and The Wardrobe" was a huge success at the box office, taking in $292 million domestically and another $453 million internationally, but "The Chronicles of Narnia: Prince Caspian" grossed just $141 million in North America and another $278 million internationally.
Walden Media is now looking for a new partner to co-produce and co-finance the film. The most likely candidate at this stage is Fox, which markets and distributes other films from Walden Media under the Fox Walden banner.
Source: The Hollywood Reporter
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